Virtua Health

What it reported doing in 2024

Virtua health (virtua) is a healthcare system that provides a comprehensive range of services, primarily in the southern New Jersey region. It is the market share leader in its service area. Virtua employs over 15,000 colleagues dedicated to providing high quality care to the residents of the communities it serves. Virtua received recognition as a top employer from modern healthcare and was listed amongst newsweek's 2025 list of america's greatest workplaces. Virtua is committed to advancing health equity and demonstrating improved outcomes through its initiatives to deliver equitable care. In conjunction with a third party, in mid-summer 2025 a housing and healthcare community consisting of 47 units and primary care services, all designed to improve health and housing equity, opened in camden, New Jersey. Expansion of virtua's eat well programs continues. Programs include a mobile farmers market and food farmacies, designed to create reliable and affordable sources for nutritious food for traditionally underserved neighborhoods. Virtua consists of five New Jersey based hospitals- virtua marlton hospital (198 beds), an acute care hospital located in marlton; virtua mount holly hospital (383 beds), an acute care hospital located in mount holly; virtua our lady of lourdes hospital (340 beds), a tertiary care hospital located in camden; virtua voorhees hospital (402 beds), an acute care hospital located in voorhees; and virtua willingboro hospital (169 beds), an acute care hospital located in willingboro. Virtua has been recognized nationally for its innovative hospital at home program, which compliments traditional hospital facility-based care by providing, when medically appropriate, patients with the opportunity to receive inpatient-level care in the comfort of their home. Virtua is also one of just a few healthcare systems in its region that perform organ transplants. In 2024, inpatient admissions to the five hospitals combined exceeded 76,000, and same day surgical cases performed in the hospitals exceeded 26,500. Virtua has been recognized by many publications and organizations. This includes u.s. News & world report's inclusion of virtua our lady of lourdes and virtua voorhees amongst the "best hospitals", virtua marlton and virtua mount holly being recognized for excellence by the american college of cardiology, and receiving the highest possible honor, recognition as a level 10 most wired health system, from the college of healthcare information management executives. Virtua operates two satellite emergency departments at its former acute care hospitals located in berlin and camden. In 2024 emergency department visits exceeded 240,000 in aggregate for these two sites and the five hospitals. In addition to hospital-based outpatient services, services are provided in off-hospital campus sites such as at wellness centers located in berlin, camden, cherry hill, moorestown, voorhees, and Washington township. These centers deliver a wide range of healthcare services, including cardiology, dental care, family and primary health care, laboratory testing, occupational and physical rehabilitation, oncology, orthopedics, radiology, pediatric and adult behavioral care, sleep care, urgent care, women's services, and wound care. Total outpatient visits exceeded 850,000 in 2024. Virtua also has a certified home health agency. More than forty partnerships have been established with physicians across New Jersey, Pennsylvania, and Delaware. These partnerships operate free standing ambulatory surgical centers. Approximately 240,000 procedures were performed at these centers in 2024.virtua medical group employs over 1,500 clinicians. Some of the specialty areas of expertise include cardiology, endocrinology, gastroenterology, hepatology, nephrology, neurology, nutrition, obstetrics and gynecology, oncology, orthopedics, primary care, rheumatology, and surgery. Total patient encounters exceeded 2.25 million in 2024. Virtua and rowan universi

Financial Efficiency

• Mission deployment rate: 80.1%; rating input score 80
• Program expense ratio: 80.3%; rating input score 80
• 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: Limited
• Grant itemization coverage: 99.7%; rating input score 100; 44th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 94.1%; rating input score 94; 45th 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: 0.3%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 1.55; rating input score 54; 54th percentile among comparable filings
• Liabilities to assets ratio: 1.4; rating input score 3; 3rd percentile among comparable filings
• Officer compensation ratio: 2%; rating input score 55; 55th percentile among comparable filings

Growth

• Program expense growth: 8.3% per year; rating input score 100; 66th percentile among comparable filings
• Revenue growth: 6.8% per year; rating input score 100; 59th percentile among comparable filings
• Asset growth: 1.7% per year; rating input score 100; 13th percentile among comparable filings