Virtua Our Lady Of Lourdes Hospital 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 $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.