Overview
What is Methodist Healthcare-Memphis Hospitals?
Methodist Healthcare-Memphis Hospitals is a renowned 501(c)(3) non-profit organization based in Memphis, Tennessee, consisting of five hospitals within an integrated healthcare delivery system. Founded in 1918 by the United Methodist Church, the organization's mission is to provide comprehensive, patient-centered healthcare services in a Christ-centered environment. The nonprofit offers expertise in cardiology, cancer, neurosciences, transplant, and pediatrics. Its flagship hospital, Methodist University Hospital, is a teaching site affiliated with the University of Tennessee Health Science Center. The organization contributes significantly to the Memphis and Mid-South community, providing approximately $300 million in community benefit in 2022. Methodist Healthcare-Memphis Hospitals employs over 12,000 associates and has a medical staff of over 2,400 providers, making it the second-largest private employer in Shelby County. The nonprofit is dedicated to improving the health and well-being of the communities it serves through various outreach programs and partnerships with educational institutions like the University of Memphis.
Official website here: www.methodisthealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Stars .ating.
Methodist Healthcare-Memphis Hospitals has achieved a perfect score of 100%, reflecting its strong performance in accountability and finance. This high rating indicates that the organization is effectively managing its resources and demonstrating a commitment to transparency and responsible financial practices.
The organization boasts a majority of independent board members, which enhances its governance and decision-making processes. All aspects of its financial oversight, including an audit and oversight committee, are in place and functioning well, with no material diversion of assets reported. This level of governance supports public trust and confidence in its operations.
Furthermore, the nonprofit has established essential policies, such as conflict of interest and whistleblower protections, which contribute to a culture of integrity. With a program expense ratio of 94.18%, a significant portion of its resources is directed toward fulfilling its mission, further validating its effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Healthcare-Memphis Hospitals legitimate?
Methodist Healthcare-Memphis Hospitals is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Healthcare-Memphis Hospitals 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: $3,117,982
Professional Fundraising Fees: $0
Other Salaries and Wages: $715,336,079
For more financial information, click here
Official website here: www.methodisthealth.org
What is the mission statement of Methodist Healthcare-Memphis Hospitals?
Methodist Healthcare-Memphis Hospitals, in collaboration with its medical staff, is committed to being the leading healthcare provider in their community. They prioritize delivering high-quality, patient- and family-centered care in a personalized environment. Methodist Healthcare aspires to provide cost-effective care, while upholding the health ministries and social principles of the United Methodist Church. Their mission is to collaborate with patients and their families to offer superior healthcare services.
Official website here: www.methodisthealth.org
Who is the CEO of Methodist Healthcare-Memphis Hospitals?
Michael Wiggins is the CEO of Methodist Healthcare-Memphis Hospitals The CEO's salary of Methodist Healthcare-Memphis Hospitals is $301,677 and their total compensation is $338,001.
Official website here: www.methodisthealth.org
What is the revenue of Methodist Healthcare-Memphis Hospitals?
Methodist Healthcare-Memphis Hospitals's revenue in 2023 was $1,936,900,010.
Official website here: www.methodisthealth.org
Who are the executives of Methodist Healthcare-Memphis Hospitals and what are their salaries?
The average compensation at Methodist Healthcare-Memphis Hospitals during 2023 was $59,205. There are 12135 employees and 246 volunteers at Methodist Healthcare-Memphis Hospitals.
Here are 39 key members and their salaries (Methodist Healthcare-Memphis Hospitals's CEO's salary is $301,677 and their total compensation is $338,001):
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- Related: $2,770,120
- Other: $36,945
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- Compensation: $391,630
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- Other: $65,160
- Compensation: $276,575
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- Other: $27,599
- Compensation: $424,876
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- Other: $49,287
- Compensation: $0
- Related: $417,024
- Other: $45,669
- Compensation: $0
- Related: $711,411
- Other: $142,450
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- Related: $455,979
- Other: $26,703
- Compensation: $467,108
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- Other: $38,850
- Compensation: $0
- Related: $995,502
- Other: $17,532
- Compensation: $0
- Related: $380,551
- Other: $92,354
- Compensation: $0
- Related: $272,883
- Other: $1,493
- Compensation: $301,677
- Related: $0
- Other: $36,324
- Compensation: $0
- Related: $641,917
- Other: $134,524
- Compensation: $0
- Related: $467,340
- Other: $28,058
- Compensation: $300,993
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- Other: $68,160
- Compensation: $487,107
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- Other: $114,711
- Compensation: $0
- Related: $513,320
- Other: $45,693
- Compensation: $0
- Related: $391,700
- Other: $96,023
- Compensation: $0
- Related: $554,028
- Other: $34,367
- Compensation: $468,016
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- Other: $102,231
- Compensation: $0
- Related: $645,004
- Other: $132,722
- Compensation: $1,041,299
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- Other: $42,426
- Compensation: $1,366,029
- Related: $0
- Other: $43,847
Official website here: www.methodisthealth.org
Where can I find the form 990 for Methodist Healthcare-Memphis Hospitals?
Methodist Healthcare-Memphis Hospitals's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.methodisthealth.org
Learn more at the official website: www.methodisthealth.org
Mission Statement of Methodist Healthcare-Memphis Hospitals
Methodist Healthcare-Memphis Hospitals, a leading healthcare provider, collaborates with its medical staff to deliver high-quality, patient-and-family-centered care in a personalized environment. With a commitment to the United Methodist Church's health ministries and social principles, this organization is dedicated to being the premier, comprehensive healthcare provider for patients and families in its surrounding communities (Methodist Healthcare-Memphis Hospitals, activityOrMissionDesc). Methodist Healthcare-Memphis Hospitals partners with patients and their families to provide cost-effective, patient-and-family-centered care, ensuring that services are delivered in a manner that supports the health and well-being of the communities they serve (Methodist Healthcare-Memphis Hospitals, missionDesc).
Methodist Healthcare-Memphis Hospitals goes beyond just providing medical treatment to its patients. In line with the principles of the United Methodist Church, this organization focuses on delivering care that benefits the communities it serves. By working in partnership with patients and their families, Methodist Healthcare-Memphis Hospitals strives to be a leader in the healthcare industry, ensuring that it provides care that is not only of the highest quality but also personalized to meet the unique needs of each patient and their family. The organization's collaboration with its medical staff plays a crucial role in achieving this mission, as they work together to deliver care that is both effective and supportive of the health and well-being of their patients.
Methodist Healthcare-Memphis Hospitals' approach to healthcare is centered around putting the needs and well-being of its patients and their families at the forefront of its services. By providing care in a personalized environment, the organization ensures that patients receive the attention and support they need to recover and improve their health. With a focus on delivering high-quality, cost-effective care, Methodist Healthcare-Memphis Hospitals sets itself apart as a trusted and reliable healthcare provider in its community.
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Impact
October, 2024
Methodist Healthcare-Memphis Hospitals significantly impacts the health and well-being of communities in Memphis and the Mid-South through a comprehensive healthcare delivery system that includes five major hospitals. These facilities are dedicated to providing high-quality, patient-centered care across various medical specialties, including cardiology, oncology, neurosciences, transplant, and pediatrics.
The flagship, Methodist University Hospital, stands out as a tertiary care center known for its advanced neurosciences program and solid organ transplant specialties. Similarly, Methodist North Hospital, Methodist South Hospital, and Methodist Le Bonheur Germantown Hospital cater to local community health needs, offering state-of-the-art cardiac services, maternity care, and extensive outpatient services.
Le Bonheur Children's Hospital is particularly noteworthy as the region's first and only comprehensive pediatric medical facility, addressing complex pediatric care and recognized nationally for its excellence in various specializations.
Methodist Healthcare-Memphis Hospitals not only provides essential medical services but also contributes significantly to public health initiatives. In 2022 alone, it invested over $300 million in community benefit programs, emphasizing accessibility, health education, and preventive care. These initiatives include free or discounted medications, in-home healthcare services, and health fairs aimed at promoting well-being in vulnerable populations.
Economic contributions are also a key aspect of its impact, with Methodist Healthcare serving as one of the largest employers in the area, driving local economic growth. Its affiliation with the University of Tennessee Health Science Center enhances its role as a teaching institution, training the next generation of healthcare professionals and contributing to medical research.
Overall, Methodist Healthcare-Memphis Hospitals plays a crucial role in advancing healthcare quality, accessibility, and community health in the Mid-South region.
This information is meant to be a general summary of Methodist Healthcare-Memphis Hospitals. 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 2023.
- Investment Income: $28,203,589
- Program Service Revenue: $1,886,664,840
- Gross Receipts: $1,937,307,658
Assets and Liabilities:
- Total Assets: $1,043,753,923
- Total Liabilities: $148,909,568
- Net Assets: $894,844,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$1,623,942,202
OUTPATIENT LABS
Revenue
$189,604,306
340B DRUG PROGRAM REVENUE
Revenue
$26,483,619
DRUG SALES
Revenue
$68,715,243
Organization Details
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