Overview
What is Virtua-Memorial Hospital Burlington Countyinc?
Virtua-Memorial Hospital Burlington Countyinc, also known as Virtua Mount Holly Hospital, is a nonprofit healthcare organization located in Marlton, New Jersey. With a workforce of 2259 employees, their mission is to contribute positively to the community by ensuring their members receive quality healthcare services, both inpatient and outpatient, including through emergency departments and clinics. Despite being underreimbursed for Medicaid services worth approximately $16.7 million, Virtua remains committed to providing an exceptional experience for patients and their families, investing in resources, technology, training, and growth opportunities for their healthcare team.
Official website here: www.virtua.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Virtua-Memorial Hospital Burlington Countyinc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 96% in this area, indicating that it effectively manages its resources and adheres to high standards of financial reporting and oversight. The charity's commitment to maintaining a majority independent board and its comprehensive conflict of interest and whistleblower policies further underscore its dedication to transparency and ethical governance.
The organization boasts an excellent program expense ratio of 84.33%, which suggests that a significant portion of its funds is directed towards its programs and services rather than administrative costs. Additionally, the absence of any material diversion of assets and a low liabilities to assets ratio demonstrates prudent financial management. This strong financial health is crucial for maintaining donor trust and ensuring that the hospital can continue to provide necessary services to the community.
While the data highlights many strengths, it does not provide insights into patient satisfaction or specific community impact metrics, which are important for a healthcare nonprofit. Overall, Virtua-Memorial Hospital Burlington Countyinc appears to operate with integrity and efficiency, making it a reliable choice for potential donors looking to support a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Virtua-Memorial Hospital Burlington Countyinc legitimate?
Virtua-Memorial Hospital Burlington Countyinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virtua-Memorial Hospital Burlington Countyinc 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: $989,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,552,397
For more financial information, click here
Official website here: www.virtua.org
What is the mission statement of Virtua-Memorial Hospital Burlington Countyinc?
Virtua-Memorial Hospital Burlington Countyinc is committed to helping the community be well, get well, and stay well. The hospital is dedicated to delivering exceptional healthcare experiences to patients and their families, ensuring the highest quality of care. The institution provides its healthcare team with the necessary resources, technology, and opportunities for professional growth.
Despite receiving less reimbursement than the cost of services for those insured under Medicaid programs, the hospital continues to provide care to numerous community members. This includes services on both an inpatient and outpatient basis through emergency departments and clinics. Virtua-Memorial Hospital Burlington Countyinc's mission reflects its dedication to the wellbeing of its patients, as well as its commitment to providing quality healthcare to all members of the community.
Official website here: www.virtua.org
Who is the CEO of Virtua-Memorial Hospital Burlington Countyinc?
Dennis W Pullin End 73123 is the CEO of Virtua-Memorial Hospital Burlington Countyinc The CEO's salary of Virtua-Memorial Hospital Burlington Countyinc is $0 and their total compensation is $3,487,539.
Official website here: www.virtua.org
What is the revenue of Virtua-Memorial Hospital Burlington Countyinc?
Virtua-Memorial Hospital Burlington Countyinc's revenue in 2023 was $452,476,381.
Official website here: www.virtua.org
Who are the executives of Virtua-Memorial Hospital Burlington Countyinc and what are their salaries?
The average compensation at Virtua-Memorial Hospital Burlington Countyinc during 2023 was $56,156. There are 2289 employees and 241 volunteers at Virtua-Memorial Hospital Burlington Countyinc.
Here are 33 key members and their salaries (Virtua-Memorial Hospital Burlington Countyinc's CEO's salary is $0 and their total compensation is $3,487,539):
- Compensation: $0
- Related: $3,429,773
- Other: $57,766
- Compensation: $0
- Related: $1,541,855
- Other: $56,571
- Compensation: $0
- Related: $1,237,401
- Other: $44,861
- Compensation: $0
- Related: $854,261
- Other: $42,031
- Compensation: $466,441
- Related: $0
- Other: $57,579
- Compensation: $442,277
- Related: $0
- Other: $40,448
- Compensation: $0
- Related: $437,894
- Other: $41,798
- Compensation: $299,547
- Related: $0
- Other: $55,678
- Compensation: $245,556
- Related: $0
- Other: $46,526
- Compensation: $236,288
- Related: $0
- Other: $53,075
- Compensation: $237,596
- Related: $0
- Other: $37,168
- Compensation: $229,482
- Related: $0
- Other: $43,147
- Compensation: $158,704
- Related: $0
- Other: $17,205
- Compensation: $0
- Related: $0
- Other: $0
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Official website here: www.virtua.org
Where can I find the form 990 for Virtua-Memorial Hospital Burlington Countyinc?
Virtua-Memorial Hospital Burlington Countyinc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.virtua.org
Learn more at the official website: www.virtua.org
Mission Statement of Virtua-Memorial Hospital Burlington Countyinc
Virtua-Memorial Hospital Burlington Countyinc is committed to helping the community be well, get well, and stay well. This mission drives the hospital to provide each patient and their family with an outstanding healthcare experience, ensuring the highest quality of care for all. The team at Virtua-Memorial Hospital is dedicated to equipping their healthcare professionals with the necessary resources, technology, and training, as well as opportunities for professional growth.
Despite the fact that many patients at Virtua-Memorial Hospital are insured under Medicaid programs, the reimbursement for these services is significantly less than the actual cost of the care provided, estimated to be approximately $16.7 million, as per hospital management. Regardless, Virtua-Memorial Hospital continues to offer services on both an inpatient and outpatient basis, including through emergency departments and clinics, to ensure that those in need have access to healthcare, regardless of their insurance coverage. The hospital's unwavering commitment to the community is evident in its provision of care to those who require it most.
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Impact
August, 2024
Virtua-Memorial Hospital Burlington Countyinc's impact lies in its dedication to providing top-quality healthcare services to the community. By offering care to many individuals insured under Medical Assistance programs, including Medicaid, the hospital ensures that those in need receive the necessary medical attention. Despite facing a significant shortfall due to the lower reimbursement rates for these programs, Virtua continues to prioritize the well-being of its patients. Through its unwavering commitment to excellence, the hospital strives to create exceptional experiences for patients and their families while fostering professional growth among its healthcare team. This proactive approach not only benefits individuals in need of healthcare services but also contributes to the overall health and well-being of the community in Marlton, NJ.
This information is meant to be a general summary of Virtua-Memorial Hospital Burlington Countyinc. 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 2023.
- Investment Income: $82,545
- Program Service Revenue: $413,073,763
- Gross Receipts: $472,414,119
Assets and Liabilities:
- Total Assets: $942,627,855
- Total Liabilities: $50,863,065
- Net Assets: $891,764,790
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$411,127,135
QIP NJ PROGRAM
Revenue
$1,747,200
RADIOLOGY PROCEDURES
Revenue
$100,776
EARLY INTERVENTION
Revenue
$46,534
LAB REVENUE
Revenue
$29,176
Organization Details
Founding Year
1880
Principal Officer
Dennis W Pullin
Website
www.virtua.orgNTEE Category
Code: E220 - Health
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