Overview
What is Bedford Memorial Hospital?
Bedford Memorial Hospital is a nonprofit healthcare institution based in Bedford, Virginia, with a workforce of 400 employees. The hospital serves its community by admitting over 1,600 patients and providing approximately 6,349 days of care each year. Their comprehensive programs include nursing care, extensive surgical and endoscopic services, diagnostic imaging, and specialty services addressing the unique health needs of their population, such as diabetes management, home health and hospice care, and therapy programs. Bedford Memorial Hospital also provides an emergency department with 24-hour care and transportation, acting as a crucial health provider for many uninsured patients. In 2022, the hospital contributed extensively to the community through charitable care, bad debt, and uncompensated care, totaling over $8 million. The hospital's community outreach efforts expanded, with participation in events like the National Night Out, YMCA Health Fair, and Bedford Centerfest. Bedford Memorial Hospital also runs programs like 'Toys for Kids' and offers on-site services such as flu-shot clinics, babysitting classes, and CPR classes for new babysitters. The hospital is grateful for its dedicated volunteers who contribute thousands of hours each year, supporting various hospital locations and patients. In 2022, volunteers donated over 10,500 hours to the hospital's volunteer program, making a significant impact on patients, visitors, and staff.
Official website here: www.centrahealth.com/bmh
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Bedford Memorial Hospital has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score is based entirely on the Accountability & Finance beacon, showcasing the organization’s commitment to transparency and responsible management of resources. With an overall score of 96%, Bedford Memorial demonstrates a solid foundation in maintaining financial health and operational integrity.
The organization excels in several key areas, including having a majority of independent board members and a well-structured oversight committee. It also maintains robust financial practices, evidenced by its high scores in areas such as the liabilities to assets ratio and program expense ratio. With a program expense ratio of nearly 80%, the hospital prioritizes allocating funds directly towards its programs and services, which benefits the community it serves.
While the financial data and governance structures are commendable, there are no specific limitations or concerns noted in the available data. This positive assessment suggests that Bedford Memorial Hospital is effectively fulfilling its mission while adhering to high standards of accountability and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Bedford Memorial Hospital legitimate?
Bedford Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bedford Memorial Hospital 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: $902,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,958,900
For more financial information, click here
Official website here: www.centrahealth.com/bmh
What is the mission statement of Bedford Memorial Hospital?
Bedford Memorial Hospital is dedicated to enhancing the health of the community it serves. The non-profit hospital offers inpatient and outpatient surgery, emergency, geriatric, and rehabilitative services. Its mission extends beyond just medical care, as it provides nursing care, extensive surgical and diagnostic services, and targeted programs for specific health needs such as diabetes management and cardiac and respiratory rehab. The hospital's emergency department acts as a crucial safety net for a significant number of uninsured patients, offering 24-hour care and emergency transportation. Bedford Memorial Hospital's commitment to the community extends beyond its walls, with volunteer hours totaling over 15,000 in 2022, community events attended, and charity programs like 'Toys for Kids' providing gifts to underprivileged children.
Official website here: www.centrahealth.com/bmh
Who is the CEO of Bedford Memorial Hospital?
Douglas Davenport is the Director of Bedford Memorial Hospital. The CEO's salary of Bedford Memorial Hospital is $307,750 and their total compensation is $328,222.
Official website here: www.centrahealth.com/bmh
What is the revenue of Bedford Memorial Hospital?
Bedford Memorial Hospital's revenue in 2022 was $49,940,863.
Official website here: www.centrahealth.com/bmh
Who are the executives of Bedford Memorial Hospital and what are their salaries?
The average compensation at Bedford Memorial Hospital during 2022 was $42,154. There are 400 employees and 40 volunteers at Bedford Memorial Hospital.
Here are 23 key members and their salaries (Bedford Memorial Hospital's CEO's salary is $307,750 and their total compensation is $328,222):
- Compensation: $0
- Related: $1,095,007
- Other: $261,239
- Compensation: $0
- Related: $926,896
- Other: $142,046
- Compensation: $0
- Related: $695,359
- Other: $111,432
- Compensation: $0
- Related: $570,759
- Other: $75,811
- Compensation: $363,761
- Related: $0
- Other: $51,891
- Compensation: $307,750
- Related: $0
- Other: $20,472
- Compensation: $0
- Related: $237,571
- Other: $47,759
- Compensation: $180,639
- Related: $0
- Other: $4,946
- Compensation: $162,873
- Related: $0
- Other: $11,149
- Compensation: $148,357
- Related: $0
- Other: $21,409
- Compensation: $144,414
- Related: $0
- Other: $23,002
- Compensation: $159,664
- Related: $0
- Other: $4,656
- Compensation: $152,228
- Related: $0
- Other: $6,615
- Compensation: $0
- Related: $153,034
- Other: $5,070
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.centrahealth.com/bmh
Where can I find the form 990 for Bedford Memorial Hospital?
Bedford Memorial Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centrahealth.com/bmh
Learn more at the official website: www.centrahealth.com/bmh
Mission Statement of Bedford Memorial Hospital
Bedford Memorial Hospital, a 501(c)(3) institution, is dedicated to improving the health of the community it serves. The mission of this non-profit hospital goes beyond providing healthcare; it aims to make a difference in people's lives, regardless of their ability to pay.
Bedford Memorial Hospital admitted 1,651 patients and provided 6,349 days of care in 2022. Its comprehensive services include nursing care, extensive inpatient and outpatient surgical and endoscopic services, and diagnostic imaging like CT, MRI, and mammography. The hospital caters to the specific health needs of its population with programs such as diabetes management, home health and hospice care, physical, speech, and occupational therapy, an adult day care center, and cardiac and respiratory rehabilitation.
Bedford Memorial Hospital's emergency department is a critical component of the health safety net in its service area. With 22,539 visits during 2022, it acts as a key healthcare provider for a significant number of uninsured patients. In furtherance of its mission, the hospital provided uncompensated care worth $1,933,735 and bad debt worth $5,860,089 to patients who could not pay. These efforts demonstrate Bedford Memorial Hospital's commitment to serving the community, regardless of financial circumstances.
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Impact
October, 2024
Bedford Memorial Hospital plays a vital role in enhancing the health and well-being of its community. By offering a wide range of healthcare services, including inpatient and outpatient surgery, emergency care, and rehabilitative services, it addresses the diverse health needs of the population it serves. In 2022, the hospital admitted 1,651 patients and provided over 6,300 days of care, demonstrating its commitment to delivering essential healthcare services.
A critical aspect of Bedford Memorial's impact lies in its comprehensive emergency department, which recorded 22,539 visits in 2022. This department is particularly important for uninsured patients, as it serves as a cornerstone of the health safety net. The hospital also provides targeted programs such as diabetes management, home health and hospice care, as well as physical and occupational therapy, further addressing specific health challenges within the community.
In addition to direct healthcare services, Bedford Memorial contributes significantly through its community engagement efforts. The hospital hosted various events, including health fairs and educational programs, to promote health awareness and preventative care. Its commitment to serving low-income families is evident in initiatives like the "Toys for Kids" campaign, which brought joy to numerous children during the holiday season.
Moreover, the hospital's dedicated volunteers play an invaluable role, contributing over 5,000 hours in 2022 alone. Their efforts enhance patient care and support programs, such as hospice services, which include home visits and emotional support.
The substantial financial support provided in the form of uncompensated care, amounting to nearly $2 million, exemplifies Bedford Memorial Hospital's dedication to ensuring that all community members have access to necessary healthcare, irrespective of their ability to pay. Through these multifaceted efforts, Bedford Memorial Hospital significantly enriches the health landscape and community wellness in Bedford, Virginia.
This information is meant to be a general summary of Bedford Memorial Hospital. 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: -$4,280
- Program Service Revenue: $47,845,435
- Gross Receipts: $49,945,143
Assets and Liabilities:
- Total Assets: $41,836,048
- Total Liabilities: $4,350,345
- Net Assets: $37,485,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICES REVENUE
Revenue
$47,830,008
ANCILLARY SERVICES
Revenue
$15,427
Organization Details
Founding Year
1957
Phone
(540) 425-7603Principal Officer
Douglas Davenport
Main Address
1613 OAKWOOD STREET, BEDFORD, VA, 24523
Website
www.centrahealth.com/bmhNTEE Category
Code: E220 - Health
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