Overview
What is Valley Regional Hospital Inc?
Valley Regional Hospital Inc, located at 243 Elm Street, Claremont, NH, is a nonprofit healthcare provider serving the local community. With 419 employees, the hospital offers essential healthcare services, including granting credit to patients, mostly local residents, and providing care to those who meet specific criteria under its Financial Assistance policy, free of charge or at reduced rates. The hospital maintains records to monitor and manage financially-assisted care, reporting $778,000 in charges forgone for the year ending September 30, 2022. Valley Regional Hospital engages in various community initiatives, providing health evaluations, screenings, flu vaccine administration, and health education programs at community events and workplaces. They also offer wellness, chronic disease management, fitness, and ergonomic programs, which primarily receive little or no payment. Additionally, the hospital contributes its expertise, committees, and board members to address community needs, support community health initiatives, and advocate for individuals facing social, economic, and physical challenges. The hospital collaborates with local public safety organizations to further enhance community benefits. Its mission is to improve community health, patient experience, and value by ensuring access to high-quality, value-driven healthcare services.
Official website here: www.vrh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Valley Regional Hospital Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization’s high score of 96% indicates that it operates with a high degree of transparency and effective management practices, which are crucial for maintaining donor trust and support.
One of the standout features of Valley Regional Hospital is its governance structure, with an impressive 85% of its board members being independent. This independence contributes to better oversight and decision-making processes. Additionally, the organization maintains strong financial practices, evidenced by a program expense ratio of 82.98%, suggesting that a significant portion of its resources is directed towards its mission rather than administrative costs.
While the organization demonstrates solid performance in various accountability metrics, it is essential for stakeholders to remain informed about ongoing operations and any future challenges. Overall, Valley Regional Hospital Inc appears to be a well-managed nonprofit with a focus on delivering effective services to its community.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Regional Hospital Inc legitimate?
Valley Regional Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Regional Hospital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $852,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,303,516
For more financial information, click here
Official website here: www.vrh.org
What is the mission statement of Valley Regional Hospital Inc?
Valley Regional Hospital Inc is dedicated to enhancing community health, enhancing patient experiences, and delivering value in healthcare services. Their mission is to collaborate with the community to optimize health by granting access to high-value care. The hospital extends financial assistance to patients who meet certain criteria, absorbing the cost difference between the provided services and what's covered by Medicaid and state programs. Additionally, the hospital provides various community services such as health evaluations, screenings, vaccinations, health education, wellness programs, and ergonomic initiatives, which often receive little or no payment. Furthermore, the hospital contributes to community needs by providing expertise, advocacy, and collaboration with local organizations.
Official website here: www.vrh.org
Who is the CEO of Valley Regional Hospital Inc?
Jocelyn Caple is the Principal Officer of Valley Regional Hospital Inc. The CEO's salary of Valley Regional Hospital Inc is $0 and their total compensation is $390,600.
Official website here: www.vrh.org
What is the revenue of Valley Regional Hospital Inc?
Valley Regional Hospital Inc's revenue in 2022 was $62,071,940.
Official website here: www.vrh.org
Who are the executives of Valley Regional Hospital Inc and what are their salaries?
The average compensation at Valley Regional Hospital Inc during 2022 was $50,493. There are 419 employees and 15 volunteers at Valley Regional Hospital Inc.
Here are 24 key members and their salaries (Valley Regional Hospital Inc's CEO's salary is $0 and their total compensation is $390,600):
- Compensation: $367,400
- Related: $0
- Other: $39,189
- Compensation: $0
- Related: $390,600
- Other: $0
- Compensation: $360,308
- Related: $0
- Other: $29,694
- Compensation: $362,918
- Related: $0
- Other: $17,499
- Compensation: $321,342
- Related: $0
- Other: $15,238
- Compensation: $299,510
- Related: $0
- Other: $16,176
- Compensation: $246,853
- Related: $0
- Other: $3,462
- Compensation: $185,771
- Related: $0
- Other: $33,547
- Compensation: $0
- Related: $177,779
- Other: $38,577
- Compensation: $193,228
- Related: $0
- Other: $0
- Compensation: $177,041
- Related: $0
- Other: $13,010
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vrh.org
Where can I find the form 990 for Valley Regional Hospital Inc?
Valley Regional Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vrh.org
Learn more at the official website: www.vrh.org
Mission Statement of Valley Regional Hospital Inc
Valley Regional Hospital Inc, a prominent healthcare provider, is dedicated to enhancing community health, enhancing patient experiences, and promoting value. The organization's overarching objective is to collaborate with the community to optimize health by ensuring access to high-value healthcare services.
Valley Regional Hospital Inc goes above and beyond in its commitment to providing essential healthcare services to local residents, many of whom require financial assistance. The institution grants credit to a substantial number of patients and offers care to those who meet specific eligibility criteria under its Financial Assistance policy, without charging or at reduced rates. In the fiscal year ending September 30, 2022, the Hospital forgone approximately $778,000 in charges for services and supplies under its charity care policy, with an estimated cost of around $477,000.
Furthermore, Valley Regional Hospital Inc extends its reach by offering an array of services to disadvantaged and elderly patients. Unfortunately, Medicaid and state programs do not fully cover the Hospital's costs for providing medical care to these patients. In addition to these services, the Hospital participates in community initiatives, providing health evaluations, screenings, and flu vaccine administration at community events and workplaces. The organization also offers health education, wellness, chronic disease management, fitness, and ergonomic programs, for which they receive little or no payment.
Valley Regional Hospital Inc's contribution to the community extends beyond monetary value. The institution lends its expertise and resources to address community needs, support health initiatives, and advocate for individuals facing social, economic, and physical challenges. Moreover, the Hospital collaborates with local public safety organizations to ensure the well-being of its community.
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Impact
October, 2024
Valley Regional Hospital Inc has a significant impact on the health and well-being of the Claremont, NH area. As a critical access hospital, it provides essential health services to local residents, ensuring that the community has access to necessary medical care. The hospital plays a crucial role in the healthcare system by offering financial assistance to patients in need, effectively waiving or reducing charges for those who qualify. In the year ending September 30, 2022, the hospital forgave approximately $778,000 in charges, which underscores its commitment to supporting vulnerable populations.
Beyond direct medical care, Valley Regional Hospital extends its impact through various community health initiatives. It conducts health evaluations, screenings, and flu vaccination events, thereby actively promoting public health. The hospital also engages in health education and more complex programs like chronic disease management and wellness initiatives, which contribute to a healthier community. These efforts often go uncompensated, reflecting the hospital's dedication to prioritizing community health over financial gain.
Additionally, the hospital collaborates with local organizations to address community needs and advocates for individuals facing economic and social challenges. Its commitment to improving community health, enhancing patient experiences, and optimizing health access positively influences the overall quality of life in the region. By partnering with residents and supporting community-driven health initiatives, Valley Regional Hospital Inc plays a vital role in sustaining and enhancing the health of its community.
This information is meant to be a general summary of Valley Regional Hospital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,891,469
- Program Service Revenue: $55,397,090
- Gross Receipts: $66,526,601
Assets and Liabilities:
- Total Assets: $66,016,739
- Total Liabilities: $23,687,768
- Net Assets: $42,328,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient Service Revenue
Revenue
$82,501,918
Medicaid DSH Revenue
Revenue
$3,099,689
Other Revenue
Revenue
$1,095,054
Charity/Contractual Adjustment
Revenue
-$31,299,571
Organization Details
Founding Year
1893
Phone
(603) 542-7771Principal Officer
Jocelyn Caple
Main Address
243 Elm Street, Claremont, NH, 03743
Website
www.vrh.orgNTEE Category
Code: E22Z - Health
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