Overview
What is Baptist Memorial Hospital?
Baptist Memorial Hospital is a renowned nonprofit medical institution in Memphis, Tennessee, serving patients regardless of race, creed, sex, national origin, disability, or age. With three hospitals in the Memphis area - Baptist Memorial Hospital-Memphis, Baptist Memorial Hospital-Collierville, and Baptist Memorial Hospital for Women - they attended to 34,314 patient discharges and over 240,845 outpatient services during the fiscal year 2022. The hospital's primary focus is on providing quality healthcare, offering various services such as surgery, pharmacy, radiology, cardiovascular services, and pathology. Baptist Memorial Hospital goes above and beyond by providing free or subsidized care for those in need, serving governments programs at below cost, and offering health activities and programs to support the community. The hospital's charity care totaled $3,122,195,013 during the same year, with an unreimbursed charity care amount of $212,638,604. Baptist Memorial Hospital-Memphis houses The Baptist Heart Institute, a leading-edge cardiovascular research and treatment center for heart patients. This institute includes advanced facilities for cardiovascular procedures, surgeries, and diagnostic tests, allowing the hospital to perform numerous firsts in the mid-south region. The hospital's commitment to the community extends beyond healthcare services. It offers funding for 12-lead EKGs to be performed in ambulances by emergency medical technicians and provides various community education programs. Baptist Memorial Hospital's mission is to enhance the health and well-being of the communities they serve.
Official website here: www.baptistonline.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Baptist Memorial Hospital has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement. With an overall score of 70%, the organization demonstrates some positive attributes but also significant gaps, particularly in governance. The independent board member representation is notably low at 28%, which raises concerns about the board's oversight and independence, potentially impacting decision-making processes.
On a positive note, the hospital has maintained a strong program expense ratio of 94.65%, suggesting that a large portion of its expenditures is directed towards its programs and services. Additionally, the organization has demonstrated good practices in financial oversight, receiving full scores for its audit and oversight committee, conflict of interest policy, and whistleblower policy. These elements indicate a commitment to transparency and accountability in operations.
However, limitations are evident in the financial management area, particularly with a liabilities to assets ratio of 65.02%, which could suggest financial pressure. Furthermore, the absence of the tax form on the nonprofit's website points to a lack of transparency that stakeholders might find concerning. Overall, while Baptist Memorial Hospital has some strong operational practices, significant governance and transparency issues need to be addressed for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Baptist Memorial Hospital legitimate?
Baptist Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist 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: $1,909,941
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,800,749
For more financial information, click here
Official website here: www.baptistonline.org/
What is the mission statement of Baptist Memorial Hospital?
Baptist Memorial Hospital is dedicated to providing quality medical health care regardless of race, creed, sex, national origin, handicap, or age. The hospital serves patients from various states and countries, recognizing the importance of health care access for all. It offers free and subsidized care for those in need, as well as discounted services for individuals covered by governmental programs. Additionally, the hospital provides community health activities and programs, including wellness initiatives and services for the elderly, handicapped, and medically underserved population. The hospital's primary focus is on outpatient services, allowing patients to recover at home while also reducing hospital costs. During the fiscal year ended September 30, 2022, the hospital performed numerous procedures across various departments, including surgery, pharmacy, radiology, cardiovascular services, and pathology.
Official website here: www.baptistonline.org/
Who is the CEO of Baptist Memorial Hospital?
Jason M Little is the President/Director of Baptist Memorial Hospital. The CEO's salary of Baptist Memorial Hospital is $148,856 and their total compensation is $164,511.
Official website here: www.baptistonline.org/
What is the revenue of Baptist Memorial Hospital?
Baptist Memorial Hospital's revenue in 2022 was $797,604,345.
Official website here: www.baptistonline.org/
Who are the executives of Baptist Memorial Hospital and what are their salaries?
The average compensation at Baptist Memorial Hospital during 2022 was $47,812. There are 5662 employees and 61 volunteers at Baptist Memorial Hospital.
Here are 28 key members and their salaries (Baptist Memorial Hospital's CEO's salary is $148,856 and their total compensation is $164,511):
- Compensation: $0
- Related: $3,403,662
- Other: $97,789
- Compensation: $0
- Related: $1,481,095
- Other: $87,399
- Compensation: $0
- Related: $1,386,768
- Other: $76,339
- Compensation: $0
- Related: $493,061
- Other: $71,266
- Compensation: $0
- Related: $48,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,006,787
- Other: $84,638
- Compensation: $0
- Related: $1,562,524
- Other: $80,090
- Compensation: $0
- Related: $671,692
- Other: $63,284
- Compensation: $0
- Related: $564,560
- Other: $67,289
- Compensation: $526,146
- Related: $0
- Other: $50,438
- Compensation: $0
- Related: $313,810
- Other: $54,341
- Compensation: $278,167
- Related: $0
- Other: $62,390
- Compensation: $235,156
- Related: $0
- Other: $44,632
- Compensation: $0
- Related: $203,307
- Other: $70,595
- Compensation: $159,081
- Related: $0
- Other: $28,797
- Compensation: $125,552
- Related: $0
- Other: $48,722
- Compensation: $115,898
- Related: $0
- Other: $51,713
- Compensation: $148,856
- Related: $0
- Other: $15,655
- Compensation: $447,895
- Related: $0
- Other: $48,237
- Compensation: $282,013
- Related: $0
- Other: $0
- Compensation: $211,064
- Related: $0
- Other: $42,305
- Compensation: $220,524
- Related: $0
- Other: $16,662
- Compensation: $211,774
- Related: $0
- Other: $15,690
- Compensation: $325,918
- Related: $0
- Other: $40,295
- Compensation: $0
- Related: $315,164
- Other: $46,861
Official website here: www.baptistonline.org/
Where can I find the form 990 for Baptist Memorial Hospital?
Baptist Memorial Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baptistonline.org/
Learn more at the official website: www.baptistonline.org/
Mission Statement of Baptist Memorial Hospital
Baptist Memorial Hospital is a reputable healthcare institution committed to providing quality medical care without discrimination based on race, creed, sex, national origin, handicap, or age. The organization strives to serve every member of the community, recognizing that not all individuals can afford essential medical services. To this end, Baptist Memorial Hospital offers free or subsidized care, provides services for governmental program patients at reduced costs, and organizes health activities and programs for various community groups.
This nonprofit healthcare provider is dedicated to making a difference in people's lives, regardless of their financial situation. The hospital has a rich history of treating patients from various backgrounds and states with serious illnesses. Despite the importance of reimbursement for services rendered, Baptist Memorial Hospital's mission places equal emphasis on serving the community. By offering free and subsidized care, the organization demonstrates its commitment to ensuring access to healthcare for all individuals.
The hospital's services encompass a wide range of departments, including surgery, pharmacy, radiology, cardiovascular services, and pathology. The surgery department performs numerous procedures, while the pharmacy dispenses a substantial number of unit doses of medication. The radiology department conducts a vast number of procedures, and the cardiovascular services department performs a significant number of procedures for heart patients. The pathology department performs various procedures to support the hospital's diagnostic and therapeutic efforts.
Baptist Memorial Hospital's unwavering dedication to its mission has led to numerous firsts in medical technology and care. The organization was the first in the mid-south to offer image-guided radiation therapy (IGRT), genetic counseling, coronary artery bypass surgery, and cardiomyoplasty. Additionally, it has successfully implanted the HeartMate vented electric ventricular assist device, performed the radial brachytherapy procedure, and provided funding for 12-lead EKGs to be performed in ambulances. The hospital's commitment to cutting-edge technology and care continues, as it was the first in the nation to perform the Medtronic Convergent Maze procedure for atrial fibrillation treatment.
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Impact
October, 2024
Baptist Memorial Hospital significantly impacts the community by providing quality medical care to all individuals, regardless of their race, creed, sex, national origin, handicap, or age. Serving patients from multiple states and countries, the hospital addresses serious health issues while ensuring that essential medical services remain accessible to those who might otherwise be unable to afford them.
In its commitment to healthcare equity, Baptist Memorial Hospital offers free and subsidized care for the medically underserved, as well as services at reduced costs for patients insured by governmental programs. During the fiscal year that ended September 30, 2022, the hospital delivered substantial services, including over 34,000 patient discharges and more than 240,000 outpatient services. The emphasis on outpatient care helps to lower hospital costs and allows patients to recover in the comfort of their own homes.
The hospital provides extensive charity care, totaling over $212 million in unremunerated services, and engages in various community-based health activities, focusing on wellness, education, and support for vulnerable populations such as the elderly and the handicapped.
Notably, the Baptist Heart Institute at Baptist Memorial Hospital-Memphis focuses on advanced cardiovascular treatments and research, offering cutting-edge technologies such as image-guided radiation therapy and hybrid procedures for heart patients. As a pioneer in the region, the hospital has introduced numerous innovative medical procedures and therapies.
In summary, Baptist Memorial Hospital plays a crucial role in enhancing healthcare access and quality for the community, supporting a diverse patient population through comprehensive medical services and education while advancing medical research and technologies.
This information is meant to be a general summary of Baptist 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: $248,826
- Program Service Revenue: $766,185,177
- Gross Receipts: $803,516,980
Assets and Liabilities:
- Total Assets: $549,857,995
- Total Liabilities: $357,541,956
- Net Assets: $192,316,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REV.
Revenue
$766,059,893
RENT FROM AFFILIATES
Revenue
$125,284
Organization Details
Founding Year
1954
Phone
(901) 227-5117Principal Officer
Jason M Little
Main Address
350 N HUMPHREYS BLVD, MEMPHIS, TN, 38120
Website
www.baptistonline.org/NTEE Category
Code: E220 - Health
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