Atrium Health Wake Forest Baptist

What it reported doing in 2024

The organization operates a 130 acute care bed hospital, including a 10-bed skilled nursing unit, providing medical, emergency, and outpatient care services to the residents of alleghany, alexander, ashe, caldwell, iredell, surry, watauga, and wilkes counties. The organization serves as a satellite provider of atrium health wake forest baptist (ahwfb) specialty services at its north wilkesboro campus, including cardiology, imaging, ent, gastroenterology, nephrology, neurology, ob/gyn, ophthalmology, pathology, pediatrics, orthopedics, and urology. The organization is accredited by the joint commission on accreditation of healthcare organizations and has been committed to serving the healthcare needs of wilkes county since 1952. During calendar year 2024, the hospital facility had approximately 16,800 patient days, including approximately 4,300 admissions, and approximately 30,300 emergency department visits. The organization provides numerous resources, activities, and programs to serve the health needs of its community. These programs include: -faithhealthnc - an initiative that connects the caring strengths of congregations, the clinical expertise of providers, and a network of community resources to ease those on the journey to health and healing while strengthening communities in the process. There are faithhealth connectors in wilkes county that serve marginalized populations and give voice to health disparities in the communities surrounding the medical center.-athletic trainers - certified athletic trainers (atc), provided by ahwfb, work full-time in the public high schools in wilkes county that have athletic programs. The atc's works with student athletes and their coaches to help keep the athletes safe and healthy and to treat and help rehabilitate sports-related injuries. -care connection pharmacy - program that provides free and discounted drugs to those unable to pay for medications. In recent years, grant funding received from the nc health and wellness trust fund commission was used to upgrade the technology and funding of the pharmacy. For each dollar invested in the program, an estimated $9 retail value of prescription drugs have been acquired for qualifying citizens of wilkes county. This program enables patients to stay compliant with their medical treatment plan and reduce the occurrence of readmission. Ahwfb-wmc also supports a syringe exchange program (sep) at the pharmacy. In addition to community programs, the hospital regularly reinvests funds in medical technologies and state-of-the-art equipment to better meet the needs of the community. Hospital leadership works directly with the wilkes medical center foundation to identify and validate grant proposals that address its community health needs assessment. Atrium health wake forest baptist launched a new virtual service to better and more quickly meet the needs of patients hospitalized at the health system's hospitals in north wilkesboro and lexington, North Carolina. In 2024, atrium health wake forest baptist wilkes medical center earned the u.s. Environmental protection agency's energy star certification for superior energy performance. Energy star-certified buildings and plants are verified to perform in the top 25% of buildings nationwide, based on weather-normalized source energy use that considers occupancy, hours of operation and other key metrics. Energy star is the only energy efficiency certification in the nation that is based on actual, verified energy performance.

Financial Efficiency

• Mission deployment rate: 84.2%; rating input score 84
• Program expense ratio: 94.5%; rating input score 94
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 37.5%; rating input score 38; 11th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 10.6%; rating input score 74; 74th percentile among comparable filings
• Total-asset coverage ratio: 0.89; rating input score 35; 35th percentile among comparable filings
• Liabilities to assets ratio: 0.26; rating input score 61; 61st percentile among comparable filings
• Officer compensation ratio: 2.5%; rating input score 45; 45th percentile among comparable filings

Growth

• Program expense growth: 6% per year; rating input score 100; 49th percentile among comparable filings
• Revenue growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
• Asset growth: 3% per year; rating input score 100; 20th percentile among comparable filings