WINSTON-SALEM, N.C. – May 13,
2014 – Wake Forest Baptist
Medical Center’s financial commitment to programs and activities
defined as community benefits by a state agency totaled $258.9 million in
fiscal year 2013.
figure represents an all-time high for the institution; an increase of $21.5
million, or 9 percent, over the previous year; and 13.3 percent of the Medical
Center’s total expenditures during the 12-month period that ended June 30,
again, these numbers clearly illustrate our intense dedication to and positive
impact on the health and well-being of the residents of this region,” said John
D. McConnell, M.D., Wake Forest Baptist’s chief executive officer. “We are
proud to be a national leader in clinical care, education, research and
innovation, but we also believe that our mission in the community runs deeper
than what is generally expected of academic medical centers.”
Forest Baptist submitted its community benefits figures for fiscal year 2013 in
an annual report required by the North Carolina Medical Care Commission, an
agency of the state Department of Health and Human Services’ Division of Health
Forest Baptist’s outlay of $95.9 million for non-reimbursed costs of treating
patients covered by Medicare, Medicaid and other non-negotiated government
programs accounted for the largest share (37 percent) of the community benefits
total. It also marked the largest increase –
$31 million, or 47.8 percent – over the previous year, largely because
payments from the various programs did not rise proportionally with the
increased costs of this care.
amount devoted to providing charity care, $69.5 million, was the second-largest
expenditure by category, followed by medical and health professions education
($56.6 million) and research not funded by outside sources ($30.2 million).
Medical Center also spent $5.2 million on community health-improvement
initiatives, non-billed services, donations to local organizations and
sponsorships of community events and $1.5 million on subsidized health
programs, including operation of the Downtown Health Plaza.
accordance with state Medical Care Commission’s guidelines, Wake Forest Baptist
did not include in its report $44.9 million in bad debt from uncollected
charges for services performed. The increase of $13.6 million, or 43.3 percent,
over fiscal year 2012 was due in large part to disruptions caused by the
Medical Center’s implementation of an electronic records system.
information about Wake Forest Baptist’s community benefits report is available
online at wakehealth.edu/community-benefits-overview.htm.