Overview
What is Hospital Development Co?
Hospital Development Co, doing business as Roane General Hospital, is a nonprofit organization located at 200 Hospital Drive, Spencer, WV (25276). Their mission is to enhance the health and wellbeing of their community by operating hospitals, nursing schools, nursing homes, and medical research facilities. They generate substantial revenue, with a significant portion of it being uncollectible due to agreements with Medicare, Medicaid, and other third-party payors. Bad debts from patients' inability or unwillingness to pay reached $2,962,219, while charges for those below the 200% poverty level and eligible for charity care amounted to $460,058. With a workforce of 409 employees, Roane General Hospital is committed to providing quality and cost-effective healthcare services to all members of their community.
Official website here: www.roanegeneralhospital.com
Is Hospital Development Co legitimate?
Hospital Development Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hospital Development Co 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.
Here are some key statistics you may want to consider:
Executive Compensation: $1,524,469
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,342,002
For more financial information, click here
What is the mission statement of Hospital Development Co?
Hospital Development Company is committed to improving the health and wellbeing of communities by preventing and treating diseases, as well as promoting personal and public health. Their activities include operating hospitals, nursing schools, nursing homes, and medical research facilities, and fostering education in medicine and related fields. The organization is dedicated to delivering high-quality, affordable healthcare to all community members, making a significant difference in people's lives. Despite generating significant revenue, a considerable portion goes towards uncollectible debts due to contractual agreements with insurance providers and the write-off of charity care for those in need.
Official website here: www.roanegeneralhospital.com
Who is the CEO of Hospital Development Co?
Douglas Bentz is the Board President of Hospital Development Co. The CEO's salary of Hospital Development Co is $380,212 and their total compensation is $410,720.
Official website here: www.roanegeneralhospital.com
What is the revenue of Hospital Development Co?
Hospital Development Co's revenue in 2022 was $56,627,091.
Official website here: www.roanegeneralhospital.com
Who are the executives of Hospital Development Co and what are their salaries?
The average compensation at Hospital Development Co during 2022 was $53,463. There are 409 employees and 26 volunteers at Hospital Development Co.
Here are 21 key members and their salaries (Hospital Development Co's CEO's salary is $380,212 and their total compensation is $410,720):
- Scott Duffy Md (Member/Chief Of Med Staff) [Trustee/Director]
- Stephen Groves Md (Physician)
- Brent Watson Md (Medical Director)
- Richard Bowman Md (Physician)
- Christopher Lambert Md (Physician)
- Hong-Kin Ng Md (Physician)
- Grant Parkins Md (Physician)
- Doug Bentz (Ceo/Ex Officio) [Trustee/Director]
- Julie Carr Msn (Chief Clinical Officer)
- Amy W Downey Cpa Mpa (Chief Financial Officer)
- Jack D Garrett Ii (Board President) [Trustee/Director]
- William G Downey Jr (Board Vice President) [Trustee/Director]
- John A Varda (Board Treasurer) [Trustee/Director]
- G Jeanette Atkinson (Board Secretary) [Trustee/Director]
- Kevin M Gaughan (Board Member) [Trustee/Director]
- R Floyd Bowlby (Board Member) [Trustee/Director]
- Emily Westfall (Board Member) [Trustee/Director]
- Christine M Hedges (Board Member) [Trustee/Director]
- Paul Hughes (Board Member) [Trustee/Director]
- John H Taylor (Board Member) [Trustee/Director]
- Robert E Zdanek (Board Member) [Trustee/Director]
Official website here: www.roanegeneralhospital.com
Where can I find the form 990 for Hospital Development Co?
The Hospital Development Co’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.roanegeneralhospital.com
Learn more at the official website: www.roanegeneralhospital.com
Mission Statement of Hospital Development Co
Hospital Development Co, a dedicated organization, strives to enhance the overall health and wellbeing of communities by employing various methods to prevent and treat illnesses. Through legitimate means, this nonprofit focuses on operating hospitals, nursing schools, nursing homes, and medical research facilities. In addition, it supports education in medicine and related sciences such as nursing and technical training that aid in disease diagnosis, treatment, care, and prevention.
Hospital Development Co's central mission, as embodied by Roane General Hospital, is to provide quality and cost-effective healthcare to all community members. The hospital's team members are committed to making a difference in people's lives through their work. Despite generating substantial revenue of $111,935,758, the organization faced significant financial challenges. Contractual agreements with insurance providers like Medicare, Medicaid, and third-party payors accounted for $62,244,357 in uncollectible revenue. Furthermore, bad debts due to patients' inability or unwillingness to pay amounted to $2,962,219. Charity care for patients meeting the 200% poverty level resulted in additional charges being written off, totaling $460,058. Despite these financial hurdles, Hospital Development Co continues to strive towards its mission of promoting health and wellbeing in the community.
Impact
This information is meant to be a general summary of Hospital Development Co. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Hospital Development Co's impact is significant in promoting the general health and welfare of Roane County and surrounding areas. Through the operation of hospitals, nursing schools, nursing homes, and medical research facilities, they further legitimate methods for the prevention and treatment of diseases. Roane General Hospital, a key component of their activities, is dedicated to delivering high-quality and cost-effective healthcare to all community members, making a tangible difference in people's lives. Their commitment to fostering education in medicine and related fields contributes to the holistic approach in diagnosing, treating, caring, and preventing diseases, benefiting the overall well-being of the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient services
Revenue
$51,052,259
Pharmacy-340B Program
Revenue
$780,735
Wellness center
Revenue
$129,485
Organization Details
Founding Year
1966
Phone
(304) 927-4444
Principal Officer
Douglas Bentz
Main Address
200 Hospital Drive, Spencer, WV, 25276
Website
www.roanegeneralhospital.com
NTEE Category
Code: E22 - Health
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