Virtua-Memorial Hospital Burlington County Inc

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

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 SERVICE PROVIDED BY APPROXIMATELY $19.9 MILLION, AS ESTIMATED BY MANAGEMENT. SERVICES ARE PROVIDED ON BOTH AN INPATIENT AND OUTPATIENT BASIS, INCLUDING THROUGH EMERGENCY DEPARTMENTS AND CLINICS.

CHARITY CARE - UNDER THE GUIDANCE OF ITS COMMUNITY BASED BOARD OF TRUSTEES AND THE SUPPORT OF THE PHYSICIANS ON ITS OPEN MEDICAL STAFF, VIRTUA- MEMORIAL PROVIDES MEDICALLY NECESSARY SERVICES TO INDIVIDUALS IRRESPECTIVE OF THEIR ABILITY TO PAY. PROGRAMS ARE IN PLACE TO IDENTIFY AND PROVIDE FINANCIAL ASSISTANCE TO THOSE IN NEED. SOME PATIENTS WILL QUALIFY FOR CHARITY CARE ASSISTANCE UNDER STATE OF NEW JERSEY DEFINED ELIGIBILITY CRITERIA. VIRTUA- MEMORIAL AUGMENTS THE STATE'S PROGRAM WITH ITS OWN ASSISTANCE PROGRAM FOR WHICH THE CRITERIA IS LESS RESTRICTIVE THAN THAT OF THE STATE PROGRAM, PROVIDING ASSISTANCE TO INDIVIDUALS EARNING UP TO 500% OF THE FEDERAL POVERTY GUIDELINES. MANAGEMENT ESTIMATES THE TOTAL COST OF CHARITY CARE PROVIDED DURING 2021 TO BE APPROXIMATELY $5.3 MILLION.

COMMUNITY HEALTH IMPROVEMENT SERVICES AND COMMUNITY BENEFIT OPERATIONS - AT VIRTUA, WE WANT TO HELP PEOPLE ACHIEVE THEIR GOALS IN LIFE BY STAYING HEALTHY. THAT MEANS PREVENTING ILLNESS BEFORE IT STARTS, SO WE'RE COMMITTED TO EDUCATING PEOPLE ABOUT THEIR HEALTH, PROVIDING SCREENING FOR EARLY DETECTION OF ILLNESS, AND SUPPORT WHEN ILLNESS DOES HAPPEN. WE PROVIDE EXTENSIVE COMMUNITY-BASED CLINICAL SERVICES SUCH AS SCREENINGS FOR CANCER, DIABETES, STROKE, HIGH BLOOD PRESSURE AND MUCH MORE. WE ALSO PROVIDE A WIDE RANGE OF SUPPORT GROUPS, HELPING COMMUNITY MEMBERS DEAL WITH ISSUES OF LOSS AND ILLNESS. WE OFFER AN EXTENSIVE ROSTER OF FREE HEALTH EDUCATION CLASSES WITH INFORMATION ABOUT DISEASE PREVENTION, CHILDBIRTH PREPARATION, BREASTFEEDING AND PARENTING, NUTRITION, FITNESS, AND WELLNESS.

ADDITIONAL COMMUNITY BENEFIT, SUCH AS:SUBSIDIZED HEALTH SERVICES: PROVIDE SEVERAL OUTPATIENT SERVICES TO MEET COMMUNITY NEED.EXPENSE OF $11,141,636REVENUE OF $10,668,588RESEARCH: PERFORMED ONCOLOGY CLINICAL RESEARCH STUDIES.EXPENSE OF $119,182REVENUE OF $10,766FINANCIAL AND IN-KIND CONTRIBUTIONS: PROVIDED CONTRIBUTIONS TO NON-PROFIT COMMUNITIES AND HEALTHCARE ORGANIZATIONS THROUGHOUT BURLINGTON COUNTY. ALSO PROVIDED MEETING SPACES TO ORGANIZATIONS AND MEDICAL SUPPLIES TO FAMILIES IN NEED.EXPENSE OF $110,376REVENUE OF $365HEALTH PROFESSIONS EDUCATION: PROVIDED PRACTICAL EDUCATION TO PROFESSIONAL STUDENTS IN VARIOUS AREAS OF THE MEDICAL FIELD. EXPENSE OF $2,226,293REVENUE OF $765,165COMMUNITY BUILDING ACTIVITIES: HELD EVENTS THROUGHOUT THE YEAR TO FEED AND PROVIDE PRESENTS TO MANY FAMILES IN NEED.EXPENSES OF $399,306REVENUE OF $180,656PROVIDING FUNCTIONAL PATIENT SERVICES FOR THE HOSPITAL:EXPENSES OF $203,886,680REVENUE OF $320,989,293