Methodist Hospitals

What it reported doing in 2024

The methodist hospitals, inc. Has a commitment to the needs of its diverse communities through quality services. Its regional reputation for excellence since 1923 continues to support the market position. Methodist hospitals is an Indiana not-for-profit corporation, 562 bed community-based healthcare systems governed by a board of directors. As stewards of the mission, reinvestment in the communities is carried out through charitable giving, community education programs, economic development forums, support services, screenings, and advocating quality care for the most vulnerable and underserved. Methodist hospitals continues to be a frontrunner in promoting community health initiatives and serving populations with high incidents of acute illnesses. Methodist hospitals has two full service acute care campuses, 14 miles apart. Northlake is the urban campus in gary, while southlake campus in merrillville is located near one of the midwest's busiest retail areas. Combined campus bed capacity is 562 including nurseries. Methodist provides a broad range of diagnostic, therapeutic, emergency, rehabilitation, inpatient, outpatient and ancillary services. Midlake campus is an outpatient facility in gary conveniently located between northlake and southlake campuses, parallel to interstate 80/94. The rehab centers, providing outpatient rehabilitation services at midlake, opened in 2003. Located adjacent to the main entrance of the southlake campus in merrillville, is the diagnostic outpatient center and medical office building. This facility provides advanced diagnostic, imaging services, and laboratory services as well as professional offices for many of the medical staff. The medical staff of more than 400 physicians represents nearly 40 medical specialties. Methodist hospitals is one of the top employers in northwest Indiana with over 2,000 employees. Mission the mission is to provide compassionate, quality health care services to all those in need. Vision the vision is to be the best place for employees to work, the best place for patients to receive care and the best place for physicians to practice medicine. Methodist hospitals provides a disproportionate amount of care to the segment of thepopulation using medicaid. Methodist hospitals is one of the largest medicaid provider of any large hospital in Indiana (on a percenatage basis). In 2024, 39.1% of methodist hospital's patients were medicaid recipients. The organization has 3 medicaid enrollers on site to help those without insurance enroll in medicaid, or refer them to community resources.

Financial Efficiency

• Mission deployment rate: 97.1%; rating input score 97
• Program expense ratio: 88.9%; rating input score 89
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 92.3%; rating input score 92; 41st 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: -7.7%; rating input score 10; 10th percentile among comparable filings
• Total-asset coverage ratio: 0.69; rating input score 27; 27th percentile among comparable filings
• Liabilities to assets ratio: 0.4; rating input score 45; 45th percentile among comparable filings
• Officer compensation ratio: 1.4%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 3.8% per year; rating input score 100; 29th percentile among comparable filings
• Revenue growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
• Asset growth: 0.7% per year; rating input score 100; 9th percentile among comparable filings