Overview
What is Rex Hospital Inc?
Rex Hospital Inc, located in Raleigh, North Carolina, is a renowned healthcare organization frequently ranked among the top hospitals in the state and nation. With a team of over 7,900 employees, Rex Hospital provides excellent patient care, earning straight "A" grades from the Leapfrog Group for hospital safety since 2012. They offer a wide range of healthcare services, from heart and vascular procedures to maternity care and emergency services. Their commitment to nursing excellence has led to Magnet status recognition from the American Nurses Credentialing Center. Rex Hospital also strives to address food insecurity by operating a food pantry for patients in need, and they're known for their innovative culinary program. During the pandemic, Rex Hospital has been at the forefront of caring for thousands of COVID-19 patients, managing a massive vaccination effort, and implementing ongoing testing processes. In late 2021, they opened a new community hospital in Holly Springs, expanding medical care and services to a rapidly growing region. In addition, Rex Hospital is deeply committed to the community, offering outreach programs and initiatives to support patients and their families.
Official website here: www.rexhealth.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Rex Hospital Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization scored a perfect 100% in the Accountability & Finance category, reflecting good financial practices and transparency in its operations. This high rating is significant as it assures donors of the charity's responsible management of funds and resources.
The organization demonstrates robust governance, with 71% of its board members being independent, which enhances its objectivity and oversight capabilities. Additionally, the presence of a comprehensive audit and oversight committee further strengthens its financial integrity. The organization adheres to essential policies such as conflict of interest, whistleblower protection, and document retention, ensuring accountability to stakeholders.
While the data highlights many strengths, potential donors may want to consider how the charity utilizes its resources for program expenses, which currently sits at 84.21%. This ratio indicates that a substantial portion of its expenses directly supports its mission, but ongoing transparency about program effectiveness could enhance donor confidence further. Overall, Rex Hospital Inc is well-rated, showcasing strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Rex Hospital Inc legitimate?
Rex Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rex Hospital 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: $6,676,622
Professional Fundraising Fees: $0
Other Salaries and Wages: $552,434,914
For more financial information, click here
Official website here: www.rexhealth.com
What is the mission statement of Rex Hospital Inc?
Rex Hospital Inc is dedicated to improving the health and well-being of individuals they serve. They accomplish this through leadership and excellence in patient care, education, and research. Rex Hospital is recognized for its outstanding patient care, earning top hospital rankings and awards, including straight "A" grades for safety since 2012. Their team of nurses is in the top 2% in the nation, as they have earned Magnet status for nursing care. Rex Hospital also focuses on community outreach and providing essential medical services to underserved areas. In response to the pandemic, they opened a special respiratory isolation unit and organized a massive vaccination effort. Additionally, they opened a new community hospital in Holly Springs, offering much-needed medical care and services to residents in a rapidly growing region. The hospital includes a full-range of services, including a maternity ward and a food pantry to support patients and their families who struggle with food access.
Official website here: www.rexhealth.com
Who is the CEO of Rex Hospital Inc?
Ernest Bovio Jr is the Principal Officer of Rex Hospital Inc. The CEO's salary of Rex Hospital Inc is $0 and their total compensation is $516,484.
Official website here: www.rexhealth.com
What is the revenue of Rex Hospital Inc?
Rex Hospital Inc's revenue in 2022 was $1,491,892,041.
Official website here: www.rexhealth.com
Who are the executives of Rex Hospital Inc and what are their salaries?
The average compensation at Rex Hospital Inc during 2022 was $70,470. There are 7934 employees and 387 volunteers at Rex Hospital Inc.
Here are 36 key members and their salaries (Rex Hospital Inc's CEO's salary is $0 and their total compensation is $516,484):
- Compensation: $0
- Related: $1,887,163
- Other: $575,059
- Compensation: $2,001,683
- Related: $0
- Other: $32,142
- Compensation: $1,879,547
- Related: $0
- Other: $21,561
- Compensation: $1,854,431
- Related: $0
- Other: $14,972
- Compensation: $1,749,011
- Related: $0
- Other: $21,561
- Compensation: $1,696,486
- Related: $0
- Other: $21,561
- Compensation: $0
- Related: $1,235,156
- Other: $242,300
- Compensation: $793,911
- Related: $0
- Other: $125,392
- Compensation: $844,318
- Related: $0
- Other: $37,646
- Compensation: $658,361
- Related: $0
- Other: $99,560
- Compensation: $599,202
- Related: $0
- Other: $103,799
- Compensation: $469,022
- Related: $0
- Other: $76,311
- Compensation: $441,640
- Related: $0
- Other: $80,783
- Compensation: $0
- Related: $353,249
- Other: $163,235
- Compensation: $426,446
- Related: $0
- Other: $83,468
- Compensation: $371,669
- Related: $0
- Other: $110,716
- Compensation: $411,424
- Related: $0
- Other: $49,798
- Compensation: $0
- Related: $343,177
- Other: $61,988
- Compensation: $338,915
- Related: $0
- Other: $59,569
- Compensation: $287,350
- Related: $0
- Other: $49,243
- Compensation: $0
- Related: $299,493
- Other: $31,910
- Compensation: $259,212
- Related: $0
- Other: $31,434
- Compensation: $250,158
- Related: $0
- Other: $34,828
- Compensation: $170,671
- Related: $0
- Other: $19,973
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rexhealth.com
Where can I find the form 990 for Rex Hospital Inc?
Rex Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rexhealth.com
Learn more at the official website: www.rexhealth.com
Mission Statement of Rex Hospital Inc
Rex Hospital Inc, a leading healthcare provider, is dedicated to enhancing the health and well-being of individuals in their community. With a mission to provide leadership and excellence in patient care, education, and research, Rex Hospital strives to inspire hope and healing for all.
Rex Hospital's commitment to patient care goes beyond the hospital walls. It has consistently earned top awards and recognition, including straight "A" grades since 2012 from The Leapfrog Group, and ranking among the top hospitals in North Carolina and the nation. Its team of healthcare professionals delivers a wide range of services, from heart and vascular procedures to minimally invasive surgeries, catering to patients of all socio-economic backgrounds.
Moreover, Rex Hospital is renowned for its Magnet recognition, an honor bestowed upon healthcare organizations for nursing excellence. It employs over 8,000 dedicated staff members, offering excellent benefits and creating a positive work environment. During the pandemic, Rex Hospital teams have worked tirelessly, opening a special respiratory isolation unit and initiating a massive vaccination effort. The organization also established a food pantry to address food insecurity among its patients.
Rex Hospital's dedication to education and research is evident in its partnerships and achievements. It provides opportunities for healthcare professionals to learn and grow through its Professional Education team and offers a Chef-based program, attracting international recognition. Rex Hospital also collaborates with various community organizations to expand medical care and support services in under-served areas. With a focus on improving lives and creating a healthier future, Rex Hospital truly embodies the spirit of inspiration, hope, and healing.
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Impact
October, 2024
Rex Hospital Inc significantly enhances the health and well-being of the community in North Carolina and beyond through its commitment to exceptional patient care, innovative programs, and comprehensive services. Frequently ranked among the top hospitals in the state and nationwide, UNC REX has maintained straight "A" grades on the Leapfrog Hospital Safety Scorecard since its inception, underscoring its dedication to patient safety and quality.
The hospital is a leader in nursing excellence, having achieved Magnet status multiple times, which recognizes outstanding nursing care. It employs over 8,000 staff members, contributing to its status as one of the largest employers in Wake County and earning accolades as a top workplace.
During the recent COVID-19 pandemic, UNC REX adapted quickly to meet the needs of patients, providing specialized care for COVID patients, orchestrating massive vaccination efforts, and establishing a dedicated respiratory isolation unit. Its proactive approach continued with the opening of the new Holly Springs Hospital, which delivers essential medical services to rapidly growing communities.
In a unique initiative, UNC REX operates one of the first food pantries at a community hospital, addressing food insecurity among patients and families. This innovative program not only provides healthy food but also offers nutritional education and recipes to promote long-term health.
The hospital specializes in cardiac and cancer care, performing thousands of procedures annually while ensuring that services are accessible regardless of patients' ability to pay. The UNC REX Cancer Center, accredited as a comprehensive community cancer center, collaborates with leading institutions to offer an expansive range of oncological treatments and support services.
Additionally, programs focused on healthy cooking and dietary education reflect UNC REX’s commitment to holistic patient care. Their culinary team takes pride in creating nutritious meals, rejecting traditional hospital food standards, and promoting wellness through fresh, locally sourced ingredients.
UNC REX’s comprehensive healthcare offerings, including a full-service emergency department, innovative surgical centers, and a community-centered approach, showcase its impact in not only treating illnesses but also fostering healthier communities across the region.
This information is meant to be a general summary of Rex Hospital 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: $1,595,651
- Program Service Revenue: $1,445,923,051
- Gross Receipts: $1,493,841,780
Assets and Liabilities:
- Total Assets: $1,799,963,409
- Total Liabilities: $853,409,629
- Net Assets: $946,553,780
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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
$1,384,088,840
ALL OTHER PROGRAM SERVICE REVENUE
Revenue
$61,834,211
Organization Details
Founding Year
1986
Phone
(919) 784-3100Principal Officer
Ernest Bovio Jr
Main Address
4420 LAKE BOONE TRAIL, RALEIGH, NC, 27607
Website
www.rexhealth.comNTEE Category
Code: E22 - Health
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