ThedaCare

What it reported doing in 2024

Effective january 1, 2024, thedacare, inc. Is part of froedtert thedacare health, inc. Continuing its commitment to improving the health of the communities it serves in the northeast and central Wisconsin. The organization delivers care to residents in 18 counties and employs approximately 7,000 health care professionals. Thedacare has 180 points of care, including seven hospitals. As an organization committed to being a leader in population health, team members are dedicated to empowering people to live their best lives through easy access to individualized care, supporting each person's own health and wellbeing. Thedacare also partners with communities to understand unique needs, finding solutions together, and encouraging health awareness and action. Thedacare is the first in Wisconsin to be a mayo clinic care network member, giving specialists the ability to consult with mayo clinic experts on a patient's care. Thedacare is a not-for-profit health system with a level ii trauma center, comprehensive cancer treatment, stroke and cardiac programs, as well as primary care. Thedacare operates one of nine nationally verified level ii trauma centers in the state of Wisconsin thedacare regional medical center-neenah. A significant feature of the thedacare trauma program is thedastar. The air medical program provides immediate medical care, helicopter transports and transfers for trauma patients and critically ill patients, including transport from our rural hospitals. This collaboration allows for our teams, across the entire region, to work in concert with each other. There are 17 counties served within the primary and secondary service areas. Thedacare offers a strong primary care network. Additional health and care services through employed and affiliated provider relationships include orthopedic care, cardiovascular care, cancer care, hematology, bariatrics care, behavioral health, diabetes care, spine and neurological care, stroke care, nephrology, ophthalmology, urology, pulmonary, women's health and more. Most clinics also offer diagnostic services such as x-ray, ultrasound, mri, cat scan, mammography and medical laboratory testing. In addition, we offer a convenient walk-in care, fastcare, and e-visits for enhanced community access to healthcare. Children's hospital of Wisconsin-fox valley opened in 2011 and is locate within thedacare regional medical center-neenah. Thedacare and chw partner to ensure the community has access to high levels of care. Thedacare is committed to community focused efforts identified in the community needs health assessment in counties where services are provided. Specific community efforts are detailed for each county in each individual hospital report enclosed in this submission. Thedacare operates on a non-discriminatory basis regardless of race, color, sex, religion, or national origin. Thedacare provides a variety of financial assistance options to patients who meet established criteria. Services are also provided to both medicare and medicaid patients at substantial discounts from standard fees. Every year, thedacare publishes a community benefit report, which highlights our contributions to our communities in northeast and central Wisconsin. We take into account ways in which our system addresses unmet health needs in the community for which reimbursement is not received. Between january 1, 2024 and june 30, 2024, the total dollar value of that donated community support, called community benefit, amounted to over $28 million across the service area. Thedacare addresses unmet health needs through training men and women to become doctors and nurses, improving access to behavioral health care, supporting medical research through clinical trials and by providing care to those without the financial resources to pay, as examples. Thedacare provides operational and administrative support services for hospitals, medical clinics and various other healthcare providers. Centralizing these services a

Financial Efficiency

• Mission deployment rate: 95.3%; rating input score 95
• Program expense ratio: 78%; rating input score 78
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • 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: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 87.5%; rating input score 88; 34th 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: -14.5%; rating input score 5; 5th percentile among comparable filings
• Total-asset coverage ratio: 3; rating input score 76; 76th percentile among comparable filings
• Liabilities to assets ratio: 1.24; rating input score 3; 3rd percentile among comparable filings
• Officer compensation ratio: 0.3%; rating input score 89; 89th percentile among comparable filings

Growth

• Program expense growth: 2.6% per year; rating input score 100; 19th percentile among comparable filings
• Revenue growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
• Asset growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings