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 $22.2 MILLION, AS ESTIMATED BY MANAGEMENT. SERVICES ARE PROVIDED ON BOTH AN INPATIENT AND OUTPATIENT BASIS, INCLUDING THROUGH EMERGENCY DEPARTMENTS AND CLINICS.

ADDITIONAL COMMUNITY BENEFIT, SUCH AS:HEALTH PROFESSIONS EDUCATION: PROVIDED PRACTICAL EDUCATION TO PROFESSIONAL STUDENTS IN VARIOUS AREAS OF THE MEDICAL FIELD. EXPENSE OF $2,479,554REVENUE OF $1,382,021SUBSIDIZED HEALTH SERVICES: PROVIDE SEVERAL OUTPATIENT SERVICES TO MEET COMMUNITY NEED.EXPENSE OF $6,586,240REVENUE OF $6,041,977RESEARCH: PERFORMED ONCOLOGY CLINICAL RESEARCH STUDIES.EXPENSE OF $151,995REVENUE OF $4,621FINANCIAL 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 $155,568REVENUE OF $6,113COMMUNITY BUILDING ACTIVITIES: HELD EVENTS THROUGHOUT THE YEAR TO FEED AND PROVIDE PRESENTS TO MANY FAMILES IN NEED.EXPENSES OF $306,287REVENUE OF $124,528COMMUNITY HEALTH IMPROVEMENT SERVICES: HELD EVENTS THROUGHTOUT THE YEAR TO BRING AWARNESS TO MANY MEDICAL ISSUES TO THE COMMUNITY.EXPENSE OF $3,689,858REVENUE OF $1,630,278PROVIDING FUNCTIONAL PATIENT SERVICES FOR THE HOSPITAL:EXPENSES OF $228,017,723REVENUE OF $370,809,106

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 2023 TO BE APPROXIMATELY $5.2 MILLION.

EARLY INTERVENTION PROGRAM - VIRTUA MEMORIAL HOSPITAL OFFERS THE EARLY INTERVENTION PROGRAM TO HELP PARENTS UNDERSTAND THEIR CHILD'S DEVELOPMENT AND TO ASSIST THEM ON REACHING THEIR FULLEST POTENTIAL. THE EARLY INTERVENTION TEAM OF TRAINED SPECIALISTS CAN EVALUATE AND PROVIDE SERVICES TO THE CHILD AT HOME OR IN A CHILDCARE FACILITY. THIS TEAM IS COMPRISED OF, BEHAVIORAL THERAPISTS, PHYSICAL THERAPISTS, OCCUPATIONAL THERAPISTS, SPEECH THERAPISTS, TEACHERS OF THE DEAF, TEACHERS OF THE HANDICAPPED, SOCIAL WORKERS, INTERPRETERS, AND SPECIAL EDUCATION TEACHERS.