N.C. – May 13, 2016 – Wake Forest
Baptist Medical Center today reported that it provided community benefits − charity care,
unreimbursed care, education, research and community outreach programs and
services − valued at $376.3 million for the fiscal year ending June 30, 2015.
This is $103.7 million more
than last year, which was itself an all-time high at $272.6 million, and
represents a 38 percent increase, year over year.
“It is an honor for us to be
in the community, helping to improve the health and care of those who live
here,” said John D.
McConnell, M.D., CEO, Wake Forest Baptist. “We are also fortunate to have
great partners working with us in many of these programs that benefit our
community and privileged to work with them as we serve patients and families
throughout the region.”
One of these community programs
provided free dental care to nearly 700 people without insurance, another
provided an educational seminar to teach pastors and lay church members how to
speak to those who are at risk of suicide, another provides free medical care
through the DEAC clinic.
Unreimbursed care. Wake
Forest Baptist provided $172.3 million in estimated unreimbursed care in FY15,
an $80 million increase over the previous year. This increase represents the
non-reimbursed costs of treating patients covered by Medicare, Medicaid and
other non-negotiated government programs as well as an increased number of
Medicare patients seeking treatment.
Charity care. Wake Forest Baptist provided $92.4 million in charity care
in FY15, a $23 million increase over the previous year. This was largely due to
improvements in qualifying individuals for charity care.
Education and research. In FY 15, Wake Forest Baptist provided $103.9
million in education funding for medical students and other health
professionals and research funding not covered by outside sources. This funding
is an increase of approximately $900,000 over the prior year.
Community health improvement. Similar
to last year Wake Forest Baptist provided $5.6 million in
community health initiatives, operations and donations. An additional $2.1 million was spent on our
FaithHealth, pastoral care and unfunded Brenner FIT and emergency preparedness
programs for a total of $7.7 million.
Community benefits are
reported annually as required by the North Carolina Medical Care Commission, an
agency of the North Carolina Department of Health and Human Services’ Division
of Health Service Regulation.
The Commission does not
require information about bad debt incurred through uncollected fees for
services performed. In FY15, Wake Forest Baptist had $34.3 million in bad debt,
a drop of $33.2 million over the previous year. This was largely due to an
increase in number of individuals who qualified for charity care and billing write-offs.
Additional information about Wake Forest Baptist’s
community benefits report is available online at Community Benefits.