Overview
What is Aspirus Medford Hospital & Clinics Inc?
Aspirus Medford Hospital & Clinics Inc, based in Medford, Wisconsin, is a nonprofit organization that operates a 25-bed critical access hospital. The hospital provides various healthcare services including surgery, emergency care, radiology, laboratory, chemotherapy/infusion, dialysis, and therapies. With over 630 employees, it serves the local community by ensuring access to necessary healthcare services, regardless of the patient's ability to pay. During fiscal year 2022, they awarded approximately $1.7 million in financial assistance through charge reductions to patients in need. Additionally, approximately 60.3% of the patient services were provided to beneficiaries of Medicare and Medicaid programs. Their mission is to heal people, promote health, and strengthen communities.
Official website here: www.aspirus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
Aspirus Medford Hospital & Clinics Inc has received a solid Three-Star rating from Charity Navigator with an overall score of 88%. This rating is based solely on its Accountability & Finance metrics, indicating a strong emphasis on governance and financial health. The organization has demonstrated a good level of transparency and accountability, highlighted by its policy presence and the absence of any material diversion of assets.
Strengths of the organization include a well-structured independent board with a full complement of independent members, ensuring diverse perspectives in governance. Key policies such as conflict of interest and whistleblower protections are in place and actively managed. Furthermore, the organization maintains a commendable program expense ratio of 75.23%, suggesting that a significant portion of its funding directly supports its mission-related activities.
However, the proportion of independent board members is relatively low at 36%, which could be seen as a limitation regarding diversified oversight. While the overall financial health appears to be stable, continuous efforts in enhancing board independence may further improve accountability scores. Overall, Aspirus Medford Hospital & Clinics Inc demonstrates a commitment to responsible management and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Aspirus Medford Hospital & Clinics Inc legitimate?
Aspirus Medford Hospital & Clinics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspirus Medford Hospital & Clinics 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: $596,569
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,315,733
For more financial information, click here
Official website here: www.aspirus.org
What is the mission statement of Aspirus Medford Hospital & Clinics Inc?
Aspirus Medford Hospital & Clinics Inc is dedicated to healing people, promoting health, and strengthening communities. They provide a wide range of healthcare services, including surgery, emergency care, radiology, laboratory, chemotherapy/infusion, dialysis, and therapies. The hospital promises to offer healthcare services to those in need, regardless of their ability to pay, through their charity care programs and policies. In fiscal year 2022, they provided approximately $1,737,834 in financial assistance to patients who could not otherwise afford care. Additionally, they provide a significant amount of services to beneficiaries of the Medicare and Medicaid programs, making up approximately 60.3% of their patient services during the same year. The hospital plays a large role in meeting the healthcare needs of the community and is often reimbursed at rates below the cost of providing care for these patients.
Official website here: www.aspirus.org
Who is the CEO of Aspirus Medford Hospital & Clinics Inc?
Matthew Heywood is the President & Ceo Aspirus of Aspirus Medford Hospital & Clinics Inc. The CEO's salary of Aspirus Medford Hospital & Clinics Inc is $0 and their total compensation is $2,950,315.
Official website here: www.aspirus.org
What is the revenue of Aspirus Medford Hospital & Clinics Inc?
Aspirus Medford Hospital & Clinics Inc's revenue in 2022 was $109,143,245.
Official website here: www.aspirus.org
Who are the executives of Aspirus Medford Hospital & Clinics Inc and what are their salaries?
The average compensation at Aspirus Medford Hospital & Clinics Inc during 2022 was $51,912. There are 634 employees and 20 volunteers at Aspirus Medford Hospital & Clinics Inc.
Here are 35 key members and their salaries (Aspirus Medford Hospital & Clinics Inc's CEO's salary is $0 and their total compensation is $2,950,315):
- Compensation: $0
- Related: $2,684,221
- Other: $266,094
- Compensation: $0
- Related: $644,385
- Other: $101,649
- Compensation: $0
- Related: $539,718
- Other: $39,249
- Compensation: $0
- Related: $452,729
- Other: $89,948
- Compensation: $329,623
- Related: $0
- Other: $82,452
- Compensation: $0
- Related: $313,780
- Other: $42,259
- Compensation: $0
- Related: $96,792
- Other: $37,884
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $449,756
- Other: $89,333
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $329,902
- Other: $52,673
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $27,847
- Related: $0
- Other: $10,082
- Compensation: $217,492
- Related: $0
- Other: $40,001
- Compensation: $0
- Related: $915,379
- Other: $141,626
- Compensation: $0
- Related: $462,446
- Other: $50,766
- Compensation: $0
- Related: $394,127
- Other: $62,857
- Compensation: $0
- Related: $495,034
- Other: $104,300
- Compensation: $0
- Related: $572,454
- Other: $92,664
- Compensation: $0
- Related: $751,984
- Other: $56,650
- Compensation: $0
- Related: $367,202
- Other: $18,878
- Compensation: $0
- Related: $340,811
- Other: $45,098
- Compensation: $0
- Related: $460,002
- Other: $93,775
- Compensation: $0
- Related: $329,902
- Other: $52,673
- Compensation: $0
- Related: $516,494
- Other: $97,286
- Compensation: $0
- Related: $363,857
- Other: $42,762
- Compensation: $185,808
- Related: $0
- Other: $35,024
- Compensation: $146,183
- Related: $0
- Other: $42,861
- Compensation: $149,058
- Related: $0
- Other: $20,969
- Compensation: $147,561
- Related: $0
- Other: $43,284
- Compensation: $164,245
- Related: $0
- Other: $31,468
- Compensation: $0
- Related: $449,085
- Other: $0
Official website here: www.aspirus.org
Where can I find the form 990 for Aspirus Medford Hospital & Clinics Inc?
Aspirus Medford Hospital & Clinics Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aspirus.org
Learn more at the official website: www.aspirus.org
Mission Statement of Aspirus Medford Hospital & Clinics Inc
Aspirus Medford Hospital & Clinics Inc, a dedicated healthcare provider, is committed to healing people, promoting health, and strengthening communities. This mission statement reflects the organization's unwavering dedication to delivering essential healthcare services to those in need.
The hospital operates a 25-bed critical access facility, providing a comprehensive range of healthcare offerings including surgery, emergency care, radiology, laboratory services, chemotherapy and infusion, and dialysis. These services cater to the diverse health requirements of the community, ensuring that local residents have access to quality healthcare. In keeping with its promises to the community, Aspirus Medford Hospital & Clinics Inc extends healthcare services to individuals regardless of their ability to pay. During fiscal year 2022, the hospital provided approximately $1,737,834 in financial assistance through charge reductions to patients in need.
Moreover, the organization offers significant healthcare services to beneficiaries of Medicare and Medicaid programs. In fiscal year 2022, approximately 60.3% of the patient services provided by Aspirus Medford Hospital & Clinics Inc were rendered to these program beneficiaries. The hospital plays a crucial role in catering to this large community need, often being reimbursed at rates below the cost of providing care for these patients. Despite these financial challenges, the organization remains steadfast in its commitment to providing vital healthcare services to all.
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Impact
October, 2024
Aspirus Medford Hospital & Clinics Inc. plays a crucial role in the healthcare landscape of Medford, Wisconsin, serving as a 25-bed critical access hospital that addresses the diverse medical needs of its community. With a significant volume of 3,729 inpatient days and 95,313 outpatient visits recorded in the fiscal year ending June 30, 2022, the hospital demonstrates its commitment to accessible healthcare.
The hospital offers a wide range of essential services, including surgery, emergency care, radiology, laboratory services, chemotherapy, infusion, dialysis, and various therapies. By providing these services locally, Aspirus Medford ensures that residents have access to necessary medical care without the need to travel long distances.
In addition to its comprehensive medical services, Aspirus Medford Hospital is dedicated to serving vulnerable populations. The hospital's charity care program awarded approximately $1,737,834 in financial assistance during the same fiscal year, helping patients who might otherwise be unable to afford needed care. Furthermore, a substantial portion of care—about 60.3%—is provided to beneficiaries of Medicare and Medicaid, highlighting the hospital's vital role in addressing healthcare needs for those who rely on these programs, often at a loss.
Overall, Aspirus Medford Hospital & Clinics Inc. strengthens the community by not only healing individuals but also promoting overall health and wellbeing, reinforcing its mission of healing, promoting health, and strengthening communities.
This information is meant to be a general summary of Aspirus Medford Hospital & Clinics 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: $6,493,768
- Program Service Revenue: $100,181,136
- Gross Receipts: $109,408,577
Assets and Liabilities:
- Total Assets: $213,096,478
- Total Liabilities: $24,356,332
- Net Assets: $188,740,146
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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
$92,756,118
PHARMACY REVENUE
Revenue
$6,999,860
CONTRACT SERVICE REVENUE
Revenue
$375,392
Organization Details
Founding Year
1958
Phone
(715) 748-8100Principal Officer
Matthew Heywood
Main Address
135 SOUTH GIBSON, MEDFORD, WI, 54451
Website
www.aspirus.orgNTEE Category
Code: E220 - Health
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