Overview
What is Methodist Medical Center?
Methodist Medical Center, a reputable nonprofit healthcare institution in Oak Ridge, Tennessee, has been serving the community for over 80 years. With 301 beds and approximately 1,038 employees, the center offers a wide range of medical specialties, including orthopedics, cardiology, oncology, and wound care. Methodist is renowned for its advanced services in knee and hip replacement, heart-related care, and wound treatment. The hospital's board-certified specialists employ best practices for efficient patient care and optimal outcomes. Methodist maintains several awards and recognitions, including Blue Distinction Center+ for knee and hip replacement and the Mission:Lifeline STEMI Gold Receiving Plus Award from the American Heart Association. The organization goes beyond traditional hospital services by offering telehealth programs in mental health, neuro, and intensive care units, enhancing patient experiences and overall quality of care. In addition, Methodist provides temporary lodging for cancer patients and their families, and partners with the Free Medical Clinic to offer free tests and procedures for community members in need. The institution's commitment to community health extends to comprehensive health education programs for all ages.
Official website here: www.covenanthealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Methodist Medical Center has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's score is based entirely on its accountability and finance metrics, indicating robust management practices and transparency in financial dealings, which are crucial for maintaining donor trust.
The center boasts a high percentage of independent board members, with 91% of its board being independent, contributing to effective governance. Additionally, Methodist Medical Center has demonstrated excellence in various financial accountability measures, including having no material diversion of assets and strong financial oversight mechanisms.
While the organization shows remarkable strengths in program expense ratio (97.68%), indicating a significant portion of funds directed towards programs rather than administrative costs, there is no detailed feedback regarding its operational impact or community outreach. This absence of information does not detract from its positive rating but suggests that potential donors may wish to inquire further about its program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Medical Center legitimate?
Methodist Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Medical Center 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: $744,603
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,660,719
For more financial information, click here
Official website here: www.covenanthealth.com
What is the mission statement of Methodist Medical Center?
Methodist Medical Center is dedicated to enhancing community health by delivering quality healthcare services, regardless of a patient's ability to pay. Established several decades ago, the medical center has grown to offer various medical specialties, including orthopedics, cardiology, oncology, and rehabilitation therapy services. With a team of certified specialists and innovative technologies, the center aims to provide efficient and effective care for optimal patient outcomes. Methodist Medical Center is recognized for its achievements in cardiology, stroke care, and diabetes treatment, among other areas. The medical center's awards and accreditations reflect its commitment to maintaining the highest standards in patient care and health services. Additionally, the center offers educational programs and community initiatives to promote overall well-being and improve the quality of life for patients and their families.
Official website here: www.covenanthealth.com
Who is the CEO of Methodist Medical Center?
James D Vandersteeg is the CEO of Methodist Medical Center The CEO's salary of Methodist Medical Center is $0 and their total compensation is $3,115,259.
Official website here: www.covenanthealth.com
What is the revenue of Methodist Medical Center?
Methodist Medical Center's revenue in 2023 was $169,096,410.
Official website here: www.covenanthealth.com
Who are the executives of Methodist Medical Center and what are their salaries?
The average compensation at Methodist Medical Center during 2023 was $46,277. There are 1046 employees and 109 volunteers at Methodist Medical Center.
Here are 37 key members and their salaries (Methodist Medical Center's CEO's salary is $0 and their total compensation is $3,115,259):
- Compensation: $0
- Related: $977
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $796
- Other: $0
- Compensation: $0
- Related: $808
- Other: $0
- Compensation: $0
- Related: $1,008
- Other: $0
- Compensation: $0
- Related: $1,054
- Other: $0
- Compensation: $0
- Related: $1,027
- Other: $0
- Compensation: $0
- Related: $1,498
- Other: $0
- Compensation: $0
- Related: $1,196
- Other: $0
- Compensation: $0
- Related: $1,222
- Other: $0
- Compensation: $0
- Related: $1,044
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,044
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,630
- Other: $0
- Compensation: $0
- Related: $1,234
- Other: $0
- Compensation: $0
- Related: $1,321
- Other: $0
- Compensation: $0
- Related: $1,595
- Other: $0
- Compensation: $0
- Related: $1,462
- Other: $0
- Compensation: $0
- Related: $1,196
- Other: $0
- Compensation: $0
- Related: $2,762,691
- Other: $352,568
- Compensation: $0
- Related: $971,426
- Other: $24,345
- Compensation: $0
- Related: $358,890
- Other: $38,564
- Compensation: $0
- Related: $536,920
- Other: $41,778
- Compensation: $241,526
- Related: $0
- Other: $33,781
- Compensation: $254,145
- Related: $0
- Other: $27,675
- Compensation: $153,609
- Related: $0
- Other: $33,867
- Compensation: $229,712
- Related: $0
- Other: $34,918
- Compensation: $177,930
- Related: $0
- Other: $37,010
- Compensation: $147,611
- Related: $0
- Other: $34,675
- Compensation: $138,524
- Related: $0
- Other: $28,719
- Compensation: $131,447
- Related: $0
- Other: $22,085
- Compensation: $0
- Related: $284,160
- Other: $21,153
- Compensation: $0
- Related: $257,567
- Other: $20,898
- Compensation: $0
- Related: $297,067
- Other: $32,917
Official website here: www.covenanthealth.com
Where can I find the form 990 for Methodist Medical Center?
Methodist Medical Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.covenanthealth.com
Learn more at the official website: www.covenanthealth.com
Mission Statement of Methodist Medical Center
Methodist Medical Center, a prominent acute care hospital, is dedicated to providing top-notch healthcare services to the community, in line with Covenant Health's mission to enhance the quality of life through better health for all, regardless of a patient's ability to pay. Established over eight decades ago, the hospital boasts a rich history and now offers various medical specialties, including cardiology, orthopedics, oncology, and rehabilitation therapy services, among others. Methodist Medical Center is renowned for its efficiency and optimal outcomes, employing over 1,000 people and serving over 200,000 residents in the surrounding areas.
At the heart of Methodist Medical Center's mission is its commitment to delivering high-quality, compassionate care. The hospital has earned numerous accolades for its excellence in cardiology and stroke care. Methodist's Cardiology department has been recognized with the Mission:Lifeline STEMI Gold Receiving Plus Award from the American Heart Association, acknowledging its outstanding performance in high-quality systems care for treating patients experiencing STEMI heart attacks. Additionally, the hospital has received the Target:Stroke Honor Roll-Elite Plus designation, which highlights its rapid response times in administering stroke care. Methodist's dedication to its patients extends beyond its exceptional clinical services. The hospital also offers a full continuum of heart-related care and services, including open-heart surgery and cardiac and pulmonary rehabilitation, ensuring that patients receive comprehensive care throughout their journey.
Moreover, Methodist Medical Center is proactive in adapting to the changing healthcare landscape by implementing telehealth operations. These services include TelePsych, TeleNeuro, and TeleICU, which support the bedside clinical team and improve patient outcomes and overall quality of care. By embracing technology, Methodist Medical Center is able to bridge the access gap and provide efficient, effective care to its patients.
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Impact
October, 2024
Methodist Medical Center significantly impacts the health and well-being of the East Tennessee community, particularly serving over 200,000 residents across Anderson, Roane, Morgan, Campbell, and Scott counties. As a full-service, acute care hospital, it provides a diverse range of medical specialties, including cardiology, orthopedics, oncology, and rehabilitation services.
The facility is recognized for its high-quality care, having achieved designations such as an Advanced Primary Stroke Center and Blue Distinction Center+ for knee and hip replacement. With a focus on both inpatient and outpatient care, Methodist served 152,190 patients in 2022, emphasizing its commitment to accessible healthcare.
Methodist Medical Center places a strong emphasis on innovative services like telehealth, which enhances care delivery and patient accessibility. Programs such as TelePsych, TeleNeuro, and TeleICU have facilitated thousands of interactions, bridging gaps in service and improving health outcomes.
The hospital also prioritizes community health education through various programs aimed at different age groups, covering topics like smoking cessation and lifestyle changes. Its partnerships with local schools and universities foster healthcare career development, ensuring future generations are prepared for medical professions.
Additionally, Methodist operates Hospitality Houses providing free lodging for cancer patients and supports community members in need through partnerships that offer free medical tests and services. This commitment to community well-being not only addresses immediate healthcare needs but also contributes to long-term health outcomes, enhancing the overall quality of life in the region.
This information is meant to be a general summary of Methodist Medical Center. 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: $35,039
- Program Service Revenue: $167,404,669
- Gross Receipts: $171,661,819
Assets and Liabilities:
- Total Assets: $92,039,387
- Total Liabilities: $22,490,617
- Net Assets: $69,548,770
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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
$167,243,529
Rental Income - Exempt Affiliates
Revenue
$161,140
Organization Details
Founding Year
1959
Principal Officer
James D Vandersteeg
Website
www.covenanthealth.comNTEE Category
Code: E220 - Health
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