Virtua Our Lady Of Lourdes Hospital Inc

Organization Overview

Virtua Our Lady Of Lourdes Hospital Inc, operating under the name Virtua Our Lady Of Lourdes Hospital, is located in Marlton, NJ. The organization was established in 1946. 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, Virtua Our Lady Of Lourdes Hospital employed 2,055 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Virtua Our Lady Of Lourdes Hospital 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, Virtua Our Lady Of Lourdes Hospital generated $410.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $376.3m during the year ending 12/2021. While expenses have increased by 3.2% 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 SERVICE PROVIDED BY APPROXIMATELY $21.5 MILLION, AS ESTIMATED BY MANAGEMENT. SERVICES ARE PROVIDED ON BOTH AN INPATIENT AND OUTPATIENT BASIS, INCLUDING THROUGH EMERGENCY DEPARTMENTS AND CLINICS.


MEDICAL EDUCATION - VIRTUA OUR LADY OF LOURDES HOSPITAL IS ONE OF THE REGION'S LEADING HEALTHCARE PROVIDERS, RECOGNIZED NATIONALLY FOR EXCELLENCE IN CLINICAL CARE AND SERVICE TO THE COMMUNITY. OUR INTERN AND RESIDENT EDUCATION PROGRAMS HELP DEVELOP AND TRAIN LEADERS IN MEDICINE. VIRTUA'S RESIDENCY PROGRAMS (OBSTETRICS AND GYNECOLOGY, FAMILY MEDICINE, PHARMACY, AND PODIATRY) AND FELLOWSHIP (CARDIOLOGY) ARE DEDICATED TO PROVIDE REWARDING EXPERIENCES.


CHARITY CARE - UNDER THE GUIDANCE OF ITS COMMUNITY BASED BOARD OF TRUSTEES AND THE SUPPORT OF THE PHYSICIANS ON ITS OPEN MEDICAL STAFF, VIRTUA OUR LADY OF LOURDES HOSPITAL 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 OUR LADY OF LOURDES HOSPITAL 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 APROXIMATELY $5.5 MILLION.


ADDITIONAL COMMUNITY BENEFITS, SUCH AS:BENEFIT OPERATIONS:EXPENSE OF $2,396,598REVENUE OF $1,227,506SUBSIDIZED HEALTH SERVICES: PROVIDE SEVERAL OUTPATIENT SERVICES TO MEET COMMUNITY NEED.EXPENSE OF $895,395REVENUE OF $314,271RESEARCH: PREFORMED ONCOLOGY CLINICAL RESEARCH STUDIES.EXPENSE OF $114,925REVENUE OF $10,381FINANCIAL 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 $66,481REVENUE OF $220COMMUNITY BUILDING ACTIVITIES: HELD EVENTS THROUGHOUT THE YEAR TO FEED AND PROVIDE PRESENTS TO MANY FAMILIES IN NEED.EXPENSE OF $471,149REVENUE OF $250,300PROVIDING FUNCTIONAL PATIENT SERVICES FOR THE HOSPITALSEXPENSE OF $ 216,508,530REVENUE OF $336,232,781.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rowan University
Health Care Services
$4,704,338
Strive Physical Therapy And Sp
Health Care Services
$2,690,501
Emcare Inc
Health Care Services
$2,529,516
Lourdes Imaging Associates
Health Care Services
$2,491,511
Mid Atlantic Anesthesia Assoc
Health Care Services
$6,430,201
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$719,466
Government grants $458,010
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,177,476
Total Program Service Revenue$405,102,915
Investment income $43,706
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$83,058
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $410,021,103

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Virtua Our Lady Of Lourdes Hospital Inc has recieved totaling $80,000.

Awarding OrganizationAmount
Carl R Fravel Memorial Trust

Sewell, NJ

PURPOSE: UNRESTIRCTED

$62,500
$17,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$255,240
Other Expense$255,240

Create an account to unlock the data you need.

or