WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER
INVESTS $121.4 MILLION IN
isSE^
community health benefits
*
Q
At
? ml Wake Forest Baptist, we are proud to share
with you our investment in community health
benefits: $121,386,2% for our fiscal year that
ended June 2007. This funding supported programs
and investments defined as community benefits
by the N.C. Hospital Association and the N.C.
Medical Care Commission. The total represents the
contributions of both Wake Forest University Health
Sciences/School of Medicine and North Carolina
Baptist Hospital.
;
We give in many ways - making outright donations,
providing free clinics and medical services, offering
needed services that cannot cover costs through
charges, and subsidizing the training of health care
?
professionals. From looking for better ways to ensure
the health of our children, to caring for our most
vulnerable community members, it is our mission to <?
improve our community's health and well-being.
? ?
community giving
WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER, JULY 2006 - JUNE 2007
NCBH WFUHS WFUBMC Total
CASH DONATIONS $ 237,456 $ 163,851 $ 401,307
IN-KIND DONATIONS & NON-BILLED SERVICES $1,451,562 $ 908,707 $ 2,360,269
(Free clinics, patient education, screenings, . ,
support groups, outreach)
SUBSIDIZED COMMUNITY SERVICES $12,153,869 $ 178,000 $12,331,869
(Downtown Health Plaza, Hospice,
Medication assistance, etc.) .
TOTAL CHARITY CARE COST* $12,128,130* $ 9,342,260 $21,470,390
(Excludes any cost associated with bad debt)
NON-REIMBURSED COST OF MEDICARE TREATMENT $23,386,428 NA $23,386,428
NON-REIMBURSED COST OF MEDICAID TREATMENT $ 3,501 ,468 NA $ 3,501 ,468
NON-REIMBURSED MEDICAL EDUCATION/
RESEARCH COSTS $32,729,409 $25,205,156 $57,934,565
TOTAL (Fiscal Year July 2006 -June 2007) $85,588,322 $35,797,974 $121,386,296
* ? ?
A WORD ON BAD DEBT: Hospitals are in a unique position among businesses, in that services may be rendered independent of pre
determined payment arrangements. The result is a burden of bad debt that the public often considers as part of charity care; hourver, guidelines
for reporting community benefits exclude bad debt. N.C. Baptist Hospital spent in FY 07 S3 1 ? 1 million to treat patients who were unwilling
or unable to pay for services and who did not seek charity care The majority of bad debt is incurred on low- income patients. This is a very real
cost to the hospital that is not included in the numbers reported above. ? _?
t,
> Medical Education
Approximately 450 medical students, 700 physician
residents and fellows, 300 graduate and doctoral level
students, 100 physician assistants, and hundreds more in
nursing and allied health fields are educated and trained
each year at Wake Forest University School of Medicine
and N.C. Baptist Hospital. The cost of this exceptional
> Affordable Care
a
While the debate continues about universal health care, we at Wake Forest
Baptist care for many of our community's most financially challenged
residents. More than 55,000 patient visits were recorded last year alone at the
Downtown Health Plaza, where costs for quality preventive and specialty care
were subsidized with a $10.5 million investment by the hospital. Patient visits
increased by nearly 3,000 over the previous year. Many of these patients are
our community's working poor who are uninsured and rely on this service
for affordable, quality care. To pay for this care and the many other hospital
services for which we are not fully reimbursed, the Medical Center continually
pursues improved efficiency, cost-containment and strategic growth.
training is substantially
subsidized by the school and
hospital. Many of these new
health care professionals will
serve oujr community for
years to come, advancing
medicine and improving
quality care locally. Providing
the highest quality of training
is a benefit that touches each
and every member of our
community.
> Community Outreach
Wake Forest Baptist contributes leadership and funding
to innovative community enterprises and partnerships
such as Forsyth Futures and HeaJthCare Access - efforts
that will improve health care access and quality in our
community. Through the Forsyth County Community
Health Summit, the Medical Center provides leadership '
to look long-term at our County's needs and to respond
with impactful programs that can .transform lives
through collaborative health outreacih. The Medical
Center also offers numerous community outrje^^
programs to improve health, including free screenings,
classes and seminars.
WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER is
lour regions only academic medical center. Comprised of WAKE |
FOREST UNIVERSITY HEALTH SCIENCES/SCHOOL OF MEDICINE
AND N.C. BAPTIST HOSPITAL. we provide the area's broadest i
range of medical care, from preventive to highly specialized ,
services. \\ r advance medicine through research. We educate and
train exceptional health care providers. We care for many of our
community's most medically and financially challenged patients.
\nd_ tve continually seek to find ways to serve our community better.\
Wake Forest University Baptist
MEDICAL CENTER
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