Summa Health

What it reported doing in 2024

Summa health is an integrated healthcare delivery system that provides coordinated, value-based care across the continuum for the people and populations we serve. We hold ourselves clinically and financially accountable for health outcomes in our communities. Summa health serves hundreds of thousands of patients each year in comprehensive emergency, acute, critical, outpatient and long-term/homecare settings and represents a total of 874 licensed, inpatient beds on the campuses of summa health system and summa rehab hospital. In addition, outpatient care is provided in more than 20 community health centers, urgent care facilities and emergency departments (eds), some integrated in the healthcare facilities, and others are freestanding. Summa rehab hospital is a joint venture in which summa health system has an interest, and is referenced in this document for the purpose of identifying all entities affiliated with summa health. Summa's proportionate interest of this joint venture's charity care and other community benefits is included on schedule h of summa health's IRS form 990 group return. Providing superior, multi-specialty patient care, medical research and continuing medical education, summa health ranks as a highly recognized healthcare provider in several disciplines including: weight management, cardiovascular, emergency, oncology, orthopedics & sports medicine, surgery, primary care, pulmonary, stroke, trauma, urology, women's services and nursing by prestigious organizations such as: american college of surgeons commission on cancer american heart association american stroke association national accreditation program for breast centers national accreditation program for rectal cancer american nursing credentialing center centers for medicare and medicaid services Ohio patient safety institute american college of radiation american society for metabolic and bariatric surgery metabolic and bariatric surgery accreditation and quality improvement program- comprehensive center lung cancer alliance the joint commission healthgrades summa health is summit county's largest employer and a leading economic engine for the region. Summa health includes the following: summa health system: summa health system is a single legal entity that includes two inpatient hospital campuses and several ambulatory locations. Summa health system operates the inpatient hospital locations as well as the hospital-based off-site locations under the same medicare provider number. Summa health employs more than 8,500 individuals with summa health system accounting for the vast majority of these employees. Summa health system has a medical staff of more than 1,000 professionals working on its campuses. Summa health system has 814 licensed beds. The buildings and facilities on all campuses total more than 3 million square feet. Summa health system- akron campus offers general medical, surgical, obstetrical, trauma and critical care services. The akron campus provides acute care services and a wide range of outpatient services on a campus of approximately 60 acres. As a leader in medical education, summa health system supports the education of its physicians and healthcare professionals. The akron campus is a teaching affiliate of the northeast Ohio medical university (neomed) and includes a staff of physicians and accredited residency and fellowship programs that foster a dynamic medical environment. Approximately 95 residents and fellows graduate from the institution's medical education programs each year. The barberton campus has a family practice residency program affiliated with neomed along with providing educational rotations for medical students. Summa health system- barberton campus summa health system- barberton campus is a 500,000 square foot acute care teaching hospital located on nearly 16 acres, located approximately 10 miles southwest of akron, Ohio. The hospital has 159 licensed beds. The barberton campus provides the community with easy

Financial Efficiency

• Mission deployment rate: 87.1%; rating input score 87
• Program expense ratio: 85.5%; rating input score 86
• Fundraising efficiency: $4.89 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 79.5%; rating input score 79; 27th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1.6%; rating input score 20; 20th percentile among comparable filings
• Total-asset coverage ratio: 1.08; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 0.69; rating input score 22; 22nd percentile among comparable filings
• Officer compensation ratio: 0.8%; rating input score 79; 79th percentile among comparable filings

Growth

• Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
• Revenue growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
• Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings