St Joseph Hospital of Eureka

What it reported doing in 2019

Providenceon july 1, 2016, providence health & services (phs) and st. Joseph health system (sjhs) entered into a business combination agreement to form providence st. Joseph health (providence). By coming together, providence seeks to better serve its communities through greater patient affordability, outstanding clinical care, improvements to the patient experience and introduction of new services where they are needed most. Together, our caregivers serve in 51 hospitals, 1,085 clinics across Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. The founders of both organizations were courageous women ahead of their time. The sisters of providence and the sisters of st. Joseph of orange brought health care and other social services to the american west when it was still a rugged, untamed frontier. Now, as we face a different landscape a changing health care environment we draw upon their pioneering and compassionate spirit to plan for the next century of health care. Providence health & servicesin 1856, mother joseph and four sisters of providence established hospitals, schools and orphanages across the northwest. Over the years, other catholic sisters transferred sponsorship of their ministries to providence, including the little company of mary, dominicans and charity of leavenworth. Recently, swedish health services, kadlec regional medical center and pacific medical centers have joined providence as secular partners with a common commitment to serving all members of the community. St. Joseph health systemin 1912, a small group of sisters of st. Joseph landed on the rugged shores of eureka, California to provide education and health care. They later established roots in orange, California, and expanded to serve southern California, northern California and Texas. The health system established many key partnerships, including a merger between lubbock methodist hospital system and st. Mary hospital to form covenant health in lubbock, Texas. Recently, an affiliation was established with hoag health to increase access to services in orange county, California. Providence st. Joseph health is the corporate member of st. Joseph health system (sjhs). Sjhs is the sole member of st. Joseph hospital of eurkea (sjhe) and is recognized as internal revenue code (irc) section 501(c)(3) organization and is complying with irc section 501(r). Sjhs has consolidated and simplified its structure by moving the operations of sjhe and three other hospital organizations into a single legal entity, st. Joseph health northern California, llc, on march 31, 2018.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited

Transparency & Controls

• Consistency checks: 85.7%; rating input score 86; 1st percentile among comparable filings
• Major donor itemization: Limited

Sustainability

• Operating margin: Limited
• Total-asset coverage ratio: Limited
• Liabilities to assets ratio: Limited
• Officer compensation ratio: Limited

Growth

• Program expense growth: Limited
• Revenue growth: -4.5% per year; rating input score 0; 40th percentile among comparable filings
• Asset growth: -9.4% per year; rating input score 0; 19th percentile among comparable filings