Overview
What is Memorial Health System?
Memorial Health System is a leading healthcare organization based in Springfield, Illinois, with a workforce of over 11,000 employees. They are committed to improving lives and strengthening communities by delivering better health services. Memorial Health System's Information Technology (IT) department is essential to their mission, employing experienced professionals to ensure patient safety, quality, and clinical effectiveness. By implementing advanced technology solutions, they support a wide range of patient care technology and business applications. In response to the COVID-19 pandemic, IT introduced telehealth technology, online scheduling, and remote work technology to maintain operations. Significant IT projects in FY2022 included expanding Lawson Infor Business Technology, implementing MH PACS Imaging and Dictation systems, and upgrading hospital EHR systems to the latest requirements. Memorial Health System also invests in cloud technology, security operations centers, and increased storage and network bandwidth for all affiliate sites.
Official website here: www.memorial.health/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 72%, Two-Star out of Four Star rating.
Memorial Health System has received a Two-Star rating based on its overall score of 72%, which reflects its performance in Accountability and Finance. The organization demonstrates strong governance, with 84% independent board members and comprehensive policies in place, such as conflict of interest and whistleblower protections. Additionally, all financial statements are subject to audit and oversight, indicating a commitment to transparency.
However, the organization faces challenges in its financial ratios, particularly in its liabilities to assets ratio, which scored significantly lower at 1 out of 15 points. This suggests potential concerns regarding the organization’s financial stability. Furthermore, while it maintains a healthy program expense ratio, there is room for improvement to enhance its overall financial health and increase its rating.
Overall, while Memorial Health System exhibits a solid governance structure and accountability, its financial performance metrics indicate areas that need attention for better sustainability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Health System legitimate?
Memorial Health System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Health System 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: $7,480,854
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,664,463
For more financial information, click here
Official website here: www.memorial.health/
What is the mission statement of Memorial Health System?
Memorial Health System is dedicated to enhancing lives and fostering stronger communities through superior health services. Their Information Technology (IT) division plays a pivotal role in this mission by employing experienced IT professionals and implementing advanced technology solutions. In response to the COVID-19 pandemic, they introduced telehealth technology, online scheduling, and remote work technology to ensure patient safety and provide uninterrupted care. In FY2022, other significant IT projects included expanding Lawson Infor Business Technology, enhancing PACS imaging and dictation systems, and planning for the expansion of the Springfield Memorial Hospital Cerner Electronic Health Record to other hospitals. Additionally, they continued hosting and upgrading the Community Touchworks Ambulatory Electronic Health Record, upgraded their hospital EHR, expanded their use of cloud technology, increased their storage and network bandwidth, and established a Security Operations Center.
Official website here: www.memorial.health/
Who is the CEO of Memorial Health System?
Kathryn J Keim is the President & Ceo of Memorial Health System. The CEO's salary of Memorial Health System is $416,255 and their total compensation is $475,007.
Official website here: www.memorial.health/
What is the revenue of Memorial Health System?
Memorial Health System's revenue in 2022 was $112,809,399.
Official website here: www.memorial.health/
Who are the executives of Memorial Health System and what are their salaries?
The average compensation at Memorial Health System during 2022 was $3,451. There are 11055 employees and 16 volunteers at Memorial Health System.
Here are 37 key members and their salaries (Memorial Health System's CEO's salary is $416,255 and their total compensation is $475,007):
- Compensation: $2,161,450
- Related: $0
- Other: $21,506
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $447,070
- Related: $0
- Other: $2,232
- Compensation: $466,383
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,079,087
- Other: $113,627
- Compensation: $416,255
- Related: $0
- Other: $58,752
- Compensation: $741,884
- Related: $0
- Other: $205,010
- Compensation: $724,103
- Related: $0
- Other: $210,393
- Compensation: $795,373
- Related: $0
- Other: $101,242
- Compensation: $591,705
- Related: $0
- Other: $265,968
- Compensation: $643,964
- Related: $0
- Other: $0
- Compensation: $613,624
- Related: $0
- Other: $79,475
- Compensation: $666,947
- Related: $0
- Other: $92,321
- Compensation: $564,541
- Related: $0
- Other: $76,535
- Compensation: $514,363
- Related: $0
- Other: $29,326
- Compensation: $517,909
- Related: $0
- Other: $70,918
- Compensation: $0
- Related: $580,024
- Other: $10,444
- Compensation: $431,530
- Related: $0
- Other: $61,322
- Compensation: $536,349
- Related: $0
- Other: $32,345
- Compensation: $0
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Official website here: www.memorial.health/
Where can I find the form 990 for Memorial Health System?
Memorial Health System's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorial.health/
Learn more at the official website: www.memorial.health/
Mission Statement of Memorial Health System
Memorial Health System, a leading healthcare organization, is dedicated to enhancing lives and fostering stronger communities through superior health services. By employing skilled Information Technology (IT) professionals, Memorial Health System provides technology support and implements advanced technology solutions, ensuring patient safety, quality, and clinical effectiveness. These technological advancements streamline clinical and business processes.
During the COVID-19 pandemic, Memorial Health System took significant strides in adapting to the evolving healthcare landscape. They introduced telehealth technology, online scheduling, and remote work solutions, enabling continued patient care and seamless business operations. These innovations addressed the unique challenges posed by the pandemic and underlined Memorial Health System's commitment to versatility and responsiveness.
In the fiscal year 2022, Memorial Health System embarked on several noteworthy Information Technology projects. They expanded the Lawson Infor Business Technology system to all hospital affiliates, improved imaging and dictation systems across all affiliate hospitals, and began testing and planning for the expansion of the Springfield Memorial Hospital Cerner Electronic Health Record to Decatur Memorial and Jacksonville Memorial Hospitals. These initiatives aim to standardize services, optimize patient care, and promote interoperability.
Memorial Health System also continued hosting and upgrading the Community Touchworks Ambulatory Electronic Health Record for Springfield Clinic, SIU Health, Orthopedic Centers of Central Illinois, and Memorial Physician Services. They upgraded the MH Hospital EHR to the 2022 requirement for Meaningful Use, promoting interoperability and compliance with the Cures Act. Furthermore, they expanded their use of cloud technology to reduce costs and optimize FTE allocation, and continued implementing a Security Operations Center. Memorial Health System also increased their storage and network bandwidth to all affiliate sites, ensuring better response times and accommodating future growth.
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Impact
October, 2024
Memorial Health System significantly impacts the community by enhancing health care delivery and improving health outcomes. Its focus on utilizing advanced information technology reinforces patient safety and clinical effectiveness, making it a critical player in the healthcare landscape. Through initiatives such as telehealth, online scheduling, and a robust electronic health record system, Memorial Health has adapted to modern demands, particularly during the COVID-19 pandemic.
By implementing cutting-edge technology solutions, the system not only supports patient care but also optimizes clinical and business processes across its network. Successful projects in recent years include expanding imaging and dictation systems and underlining the importance of interoperability in health records. This commitment to technology has resulted in enhanced response times and a more efficient allocation of resources, thus positioning Memorial Health as a leader in health innovation.
Moreover, Memorial Health's influence extends beyond individual care, with efforts aimed at building stronger communities through improved health initiatives. The establishment of a security operations center and investment in cloud technology demonstrates a proactive approach to sustainability and growth, ultimately benefiting both patients and providers alike. Through these comprehensive efforts, Memorial Health System continues to play a vital role in shaping better health outcomes and enriching the community it serves in Springfield, IL, and beyond.
This information is meant to be a general summary of Memorial Health System. 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: $3,379,547
- Program Service Revenue: $102,883,940
- Gross Receipts: $1,354,108,467
Assets and Liabilities:
- Total Assets: $556,755,508
- Total Liabilities: $383,367,111
- Net Assets: $173,388,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$75,805,300
MHP REVENUE
Revenue
$17,535,226
PROGRAM RELATED RENT
Revenue
$7,526,193
IT REIMBURSED EXPENSES
Revenue
$1,865,915
RELATED PARTNERSHIP RE
Revenue
-$41,002
Organization Details
Founding Year
1981
Phone
(217) 788-3198Principal Officer
Kathryn J Keim
Main Address
701 NORTH FIRST STREET, SPRINGFIELD, IL, 627810001
Website
www.memorial.health/NTEE Category
Code: E21 - Health
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