Virtu-West Jersey Health System Inc

Organization Overview

Virtu-West Jersey Health System Inc is located in Marlton, NJ. The organization was established in 1942. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Virtu-West Jersey Health System Inc employed 5,372 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virtu-West Jersey Health System Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Virtu-West Jersey Health System Inc generated $1.0b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $817.5m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO HELP THE COMMUNITY TO BE WELL, GET WELL AND STAY WELL

Describe the Organization's Program Activity:

UNREIMBURSED MEDICAID - VIRTUA PROVIDED CARE TO MANY COMMUNITY MEMBERS THAT ARE INSURED UNDER MEDICAL ASSISTANCE PROGRAMS, INCLUDING THE STATE ADMINISTERED MEDICAID PROGRAM. REIMBURSEMENT FOR THESE PROGRAMS IS LESS THAN THE COST OF THE SERVICES PROVIDED BY APPROXIMATELY $52 MILLION, AS ESTIMATED BY MANAGEMENT. SERVICES ARE PROVIDED ON BOTH AN INPATIENT AND OUTPATIENT BASIS, INCLUDING THROUGH EMERGENCY DEPARTMENTS AND CLINICS.


VIRTUA PROVIDES A WIDE RANGE OF OUTPATIENT SERVICES TO MEET COMMUNITY NEEDS, INCLUDING PRIMARY AND SPECIALTY CARE FOR INFANTS, CHILDREN, TEENS AND ADULTS. VIRTUA SUBSIDIZES WOMEN'S CLINICS FOR GYNECOLOGICAL AND OBSTETRICAL CARE, CHILDREN'S AND NEONATAL INTENSIVE CARE, AS WELL AS BEHAVIORAL HEALTH AND EMERGENCY SERVICES. THE COSTS RELATED TO THESE SERVICES ARE IN EXCESS OF REIMBURSEMENTS TO VIRTUA.


IN SUPPORT OF ITS COMMITMENT TO ENSURING THE CONTINUING EDUCATION AND DEVELOPMENT OF MEDICAL PROFESSIONALS, VIRTUA-WEST JERSEY HAS ITS OWN RESIDENCY PROGRAMS AND PARTICIPATES IN PROGRAMS SPONSORED BY OTHER INSTITUTIONS. VIRTUA -WEST JERSEY SPECIFICALLY OFFERS RESIDENCY PROGRAMS TO DEVELOP PHYSICIANS IN FAMILY PRACTICE, DENTAL MEDICINE AND PODIATRIC MEDICINE. VIRTUA -WEST JERSEY PARTICIPATES IN RESIDENCIES THAT SUPPORT THE DEVELOPMENT OF PHYSICIANS PRACTICING OBSTETRICS AND GYNECOLOGY, EMERGENCY MEDICINE, AND SURGERY.


ADDITIONAL COMMUNITY BENEFITS, SUCH AS:COMMUNITY HEALTH IMPROVEMENT SERVICES: HELD EVENTS THROUGHOUT THE YEAR TO BRING AWARENESS TO MANY MEDICAL ISSUES TO THE COMMUNITY.EXPENSE OF $3,665,568REVENUE OF $914,258FINANCIAL ASSISTANCE AT COST: CHARITY CAREEXPENSE OF $6,899,621REVENUE OF $942,035RESEARCH: PREFORMED ONCOLOGY CLINICAL RESEARCH STUDIES.EXPENSE OF $262,819REVENUE OF $23,723FINANCIAL AND IN-KIND CONTRIBUTIONS: PROVIDED CONTRIBUTIONS TO NON-PROFIT COMMUNITIES AND HEALTHCARE ORGANIZATIONS THROUGHOUT CAMDEN AND GLOUCESTER COUNTIES. ALSO PROVIDED MEETING SPACES TO ORGANIZATIONS AND MEDICAL SUPPLIES TO FAMILIES IN NEED.EXPENSE OF $218,096REVENUE OF $706COMMUNITY BUILDING ACTIVITIES: HELD EVENTS THROUGHOUT THE YEAR TO FEED AND PROVIDE PRESENTS TO MANY FAMILIES IN NEED.EXPENSE OF $653,757REVENUE OF $410,935PROVIDING FUNCTIONAL PATIENT SERVICES FOR THE HOSPITALSEXPENSE OF $502,752,603REVENUE OF $848,866,143


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cardinal Health 110 Llc
Healthcare Services
$50,233,519
Morrison Mgmt Specialist Inc
Management Services
$13,007,204
Fastaff Llc
Staffing
$11,768,165
Turner Construction Co
Contractor
$10,265,830
Aon Risk Services Central Inc
Risk Management
$13,651,833
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$4,969
Government grants $5,422,956
All other contributions, gifts, grants, and similar amounts not included above$16,941
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,444,866
Total Program Service Revenue$907,811,007
Investment income $1,109,280
Tax Exempt Bond Proceeds $1,470
Royalties $0
Net Rental Income $231,482
Net Gain/Loss on Asset Sales $33,134,629
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$87,322
Miscellaneous Revenue$0
Total Revenue $1,000,808,483

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Virtu-West Jersey Health System Inc has recieved totaling $72,451.

Awarding OrganizationAmount
Omega Medical Grants Association

Rosemont, IL

PURPOSE: FELLOWSHIPS

$39,800
Virtua Health Foundation Inc

Marlton, NJ

PURPOSE: PURCHASE UPGRADES TO MEDICAL EQUIPMENT AND TO ENHANCE PATIENT CARE.

$26,651
Virtua Health Inc

Marlton, NJ

PURPOSE: HUMANITARIAN GRANTS

$6,000
View Grant Recipient Profile

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