Covenant Foundation Inc

COVENANT FOUNDATION, INC. RAISES DOLLARS & MANAGES FUNDS, ENDOWMENT & OTHER, THAT FURTHER THE CHARITABLE GOALS OF COVENANT MEDICAL CENTER, INC., ITS SUPPORTED 501(C)(3) ENTITY.

MERCYONE NORTHEAST IOWA IS A FAITH-BASED 511-BED, NOT-FOR-PROFIT, COMPREHENSIVE MEDICAL/SURGICAL HEALTH CARE PROVIDER OFFERING ACUTE LEVELS OF MEDICAL CARE AT COVENANT MEDICAL CENTER IN WATERLOO, SARTORI MEMORIAL HOSPITAL IN CEDAR FALLS, AND MERCY HOSPITAL IN OELWEIN. ITS SERVICES IN THE REGION ALSO INCLUDE COVENANT CLINIC WITH MORE THAN 100 PRIMARY CARE AND SPECIALTY PROVIDERS; COVENANT FOUNDATION, SARTORI HEALTH CARE FOUNDATION AND MERCY HOSPITAL FOUNDATION. AREAS OF EXCELLENCE INCLUDE CARDIOLOGY, ORTHOPEDICS, NEUROSURGERY, MATERNITY AND NICU, CANCER TREATMENT, MINIMALLY INVASIVE AND BARIATRIC SURGERY. THE IOWA OPERATIONS HAVE BEEN PART OF A 140 YEAR SYSTEM OF CARE SPONSORED BY THE WHEATON FRANCISCAN SISTERS, FORMERLY INCORPORATED IN 1983. IN 2016, THE WHEATON FRANCISCAN SISTERS TRANSFERRED THEIR IOWA OPERATIONS TO MERCY HEALTH NETWORK, AN IOWA-BASED HEALTH CARE SYSTEM BASED OUT OF DES MOINES, IOWA. MERCY HEALTH NETWORK (MHN) IS AN INTEGRATED SYSTEM OF MEMBER HOSPITALS AND OTHER HEALTH AND PATIENT CARE FACILITIES UNITED INTO ONE OPERATING ORGANIZATION TO IMPROVE THE DELIVERY OF HEALTHCARE SERVICES TO THE PEOPLE OF IOWA AND ADJOINING STATES. MHN'S SPONSORS OWN AND OPERATE MEDICAL CENTERS AND OTHER SERVICES IN CLINTON, DES MOINES, DUBUQUE, MASON CITY, AND SIOUX CITY, AND COMMUNITY HOSPITALS IN SIX OTHER LOCATIONS. IN ADDITION, MHN HAS 27 MEMBERS WHO PARTICIPATE THROUGH CONTRACTS FOR MANAGEMENT AND OTHER SERVICES. MERCY HEALTH NETWORK (MHN) WAS FOUNDED IN 1998 UNDER A JOINT OPERATING AGREEMENT BETWEEN TWO OF THE LARGEST CATHOLIC, NOT-FOR-PROFIT HEALTH ORGANIZATIONS IN THE UNITED STATES: CATHOLIC HEALTH INITIATIVES, BASED IN ENGLEWOOD, COLORADO, AND TRINITY HEALTH, BASED IN LIVONIA, MICHIGAN. COVENANT MEDICAL CENTER IN WATERLOO, IOWA WAS FOUNDED IN 1986 WHEN WHEATON FRANCISCAN SERVICES CONSOLIDATED ST. FRANCIS HOSPITAL (FOUNDED IN 1912) AND SCHOITZ MEDICAL CENTER (FOUNDED IN 1904). COVENANT MEDICAL CENTER WAS LOCATED IN TWO LOCATIONS UNTIL 1991 WHEN ALL ACUTE CARE SERVICES WERE COMBINED AT ONE SITE. THE OTHER SITE WAS TRANSFORMED INTO AN ASSISTED LIVING CENTER AND ADULT SERVICES CENTER. IN 1995, WHEATON FRANCISCAN SERVICES' IOWA REGION WAS RENAMED COVENANT HEALTH SYSTEM AND INCLUDED COVENANT MEDICAL CENTER IN WATERLOO, COVENANT FOUNDATION IN WATERLOO, MERCY HOSPITAL IN OELWEIN, N. E. IOWA REAL ESTATE INVESTMENTS AND SCHOITZ HEALTH RESOURCES. SARTORI MEMORIAL HOSPITAL BECAME A PART OF COVENANT HEALTH SYSTEM IN 1996 WHEN THE SYSTEM ENTERED A LONG-TERM LEASE AGREEMENT WITH THE CITY OF CEDAR FALLS. IN 2006, COVENANT HEALTH SYSTEM WAS RENAMED WHEATON FRANCISCAN HEALTHCARE-IOWA, TO REFLECT ITS CONTINUED COMMITMENT TO AN INTEGRATED HEALTH CARE DELIVERY SYSTEM FOR RESIDENTS OF NORTHEAST IOWA. TODAY MERCYONE NORTHEAST IOWA INCLUDES COVENANT MEDICAL CENTER (AND ITS UNINCORPORATED DIVISION, COVENANT CLINIC) AND COVENANT FOUNDATION IN WATERLOO, MERCY HOSPITAL IN OELWEIN, SARTORI MEMORIAL HOSPITAL AND SARTORI HEALTH CARE FOUNDATION IN CEDAR FALLS, AND N. E. IOWA REAL ESTATE INVESTMENTS. MERCYONE NORTHEAST IOWA ENTITIES: HOSPITALS COVENANT MEDICAL CENTER, INC. MERCY HOSPITAL OF FRANCISCAN SISTERS, INC. SARTORI MEMORIAL HOSPITAL, INC. COVENANT CLINIC, AN UNINCORPORATED DIVISION OF COVENANT MEDICAL CENTER, INC. PATIENTS HAVE ACCESS TO MORE THAN 100 PRIMARY AND SPECIALTY CARE PHYSICIANS, PHYSICIAN ASSISTANTS, NURSE PRACTITIONERS, AND OTHER HEALTH CARE PROFESSIONALS LOCATED THROUGHOUT NORTHEAST IOWA IN 24 LOCATIONS. REGIONAL SERVICE LINES COVENANT CARDIOLOGY COVENANT CANCER TREATMENT CENTER COVENANT CLINIC ORTHOPEDIC SERVICES COVENANT HOME HEALTH EMERGENCY SERVICES IMAGING/RADIOLOGY SERVICES IOWA SPINE AND BRAIN INSTITUTE MIDWEST INSTITUTE OF ADVANCED LAPAROSCOPIC SURGERY MATERNAL CHILD HEALTH OCCUPATIONAL MEDICINE AND WELLNESS COVENANT RETAIL PHARMACIES REHABILITATION SERVICES PHILANTHROPIC FOUNDATIONS COVENANT FOUNDATION, INC. SARTORI HEALTH CARE FOUNDATION, INC. MERCYONE NORTHEAST IOWA COMMUNITY IMPACT IN IOWA FY2022 CHARITY CARE: $2,624,319. CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTH SERVICES PROVIDED TO THOSE WHO CANNOT AFFORD TO PAY AND WHO MEET ALL CRITERIA FOR FINANCIAL ASSISTANCE. CHARITY CARE IS BASED ON COSTS, NOT CHARGES, AND DOES NOT INCLUDE BAD DEBT. UNREIMBURSED COST OF PUBLIC PROGRAMS: $13,926,783. UNREIMBURSED COST OF PUBLIC PROGRAMS IS DEFINED AS THE SHORTFALL EXPERIENCED WHEN PAYMENTS RECEIVED ARE BELOW THE COST OF TREATING PUBLIC BENEFICIARIES THROUGH MEDICAID AND OTHER LOCAL PUBLIC PROGRAMS. COMMUNITY HEALTH IMPROVEMENT SERVICES: $2,152,780. COMMUNITY HEALTH IMPROVEMENT SERVICES ARE DEFINED AS CLINICAL AND NON-CLINICAL SERVICES DESIGNED TO IMPROVE COMMUNITY HEALTH, WHICH ARE PROVIDED TO THE COMMUNITY FOR FREE OR FOR FEES THAT DID NOT COVER COSTS. FINANCIAL CONTRIBUTIONS: $195,981. FINANCIAL CONTRIBUTIONS ARE DEFINED AS CONTRIBUTIONS, INCLUDING CASH, NON-CASH ITEMS SUCH AS FOOD, FURNITURE, EQUIPMENT, SUPPLIES, AND LOANED STAFF FOR VOLUNTEER AND CHARITABLE PURPOSES, MADE TO INDIVIDUALS, COMMUNITY GROUPS, OR NONPROFIT ORGANIZATIONS FOR CHARITABLE PURPOSES. HEALTH PROFESSIONS EDUCATION: $1,671,519. HEALTH PROFESSIONS EDUCATION IS DEFINED AS DIRECT COSTS INCURRED FOR ACCREDITED TRAINING AND EDUCATION PROGRAMS FOR PHYSICIANS, NURSES, ALLIED HEALTH PROFESSIONALS AND TECHNICIANS (DOES NOT INCLUDE ONGOING EDUCATION FOR STAFF). COMMUNITY BUILDING ACTIVITIES: $10,527. COMMUNITY BUILDING ACTIVITIES ARE DEFINED AS PROGRAMS THAT, WHILE NOT DIRECTLY RELATED TO HEALTH CARE, PROVIDE OPPORTUNITIES TO ADDRESS THE ROOT CAUSES OF HEALTH PROBLEMS, SUCH AS POVERTY, HOMELESSNESS, AND ENVIRONMENTAL ISSUES. COSTS FOR THESE ACTIVITIES INCLUDE CASH AND IN-KIND DONATIONS. COMMUNITY BENEFIT OPERATIONS: $89,303. COMMUNITY BENEFIT OPERATIONS ARE DEFINED AS COSTS ASSOCIATED WITH DEDICATED STAFF AND COMMUNITY HEALTH NEEDS AND/OR ASSETS ASSESSMENT, AS WELL AS OTHER COSTS ASSOCIATED WITH COMMUNITY BENEFIT STRATEGY AND OPERATIONS. SUBSIDIZED HEALTH SERVICES: $3,414,557. SUBSIDIZED HEALTH SERVICES ARE DEFINED AS THE NEGATIVE MARGIN FOR CLINICAL SERVICES THAT ARE PROVIDED DESPITE A FINANCIAL LOSS BECAUSE OF AN IDENTIFIED COMMUNITY NEED THAT WOULD NEED TO BE MET BY THE GOVERNMENT OR ANOTHER NOT-FOR-PROFIT IF IT WAS NOT OFFERED. THE FINANCIAL LOSSES ARE SO SIGNIFICANT THAT NEGATIVE MARGINS REMAIN AFTER REMOVING THE EFFECTS OF CHARITY CARE, BAD DEBT, AND MEDICAID SHORTFALLS. TOTAL BENEFIT TO THE COMMUNITY FOR IOWA FY2022: $24,085,769. MERCYONE WATERLOO MEDICAL CENTER MERCYONE WATERLOO MEDICAL CENTER IS A 366-BED, FULL SERVICE, MULTI-SPECIALTY HOSPITAL THAT PROVIDES INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO SUPPORT THE COMMUNITY'S HEALTH CARE NEEDS. SERVICES INCLUDE INTENSIVE CARE; OPERATING AND RECOVERY ROOMS FOR BOTH INPATIENT AND OUTPATIENT SURGERIES AND PROCEDURES; A CARF ACCREDITED REHABILITATION PROGRAM SERVING INPATIENTS; ACCREDITED CANCER AND BREAST CARE CENTERS; WOMEN'S HEALTH CARE SERVICES INCLUDING OB/GYN AND MIDWIFERY, BIRTH CENTER AND THE AREAS ONLY INTEGRATED NEONATAL INTENSIVE CARE PROGRAM; COMPREHENSIVE IMAGING AND RADIOLOGY SERVICES; LABORATORY; RESPIRATORY THERAPY; CARDIOVASCULAR SERVICES INCLUDING GENERAL INTERVENTIONAL CARDIOLOGY AND ELECTROPHYSIOLOGY AND AN ACCREDITED CHEST PAIN CENTER; INPATIENT AND OUTPATIENT BEHAVIORAL HEALTH SERVICES INCLUDING EMERGENCY GROUND TRANSPORT SERVICES AVAILABLE UPON REQUEST. IN FY22, MERCYONE INVESTED IN THE FOLLOWING PROJECTS: . CEDAR FALLS OBY/GYN EXPANSION . NEW 3D ULTRASOUND FOR THE FETAL MEDICINE PROGRAM IN WATERLOO . UPGRADE OF MAMMOGRAPHY MACHINES . MILITARY AND VETERANS HEALTH CARE PROGRAM FLAGS . HIGH-DEFINITION PRINTER FOR CARDIAC CARE . WELLNESS CLASSROOM SOUND REDUCTION . INVESTMENTS IN COLLEAGUES . 20 SCHOLARSHIPS FOR COLLEAGUES AND FUTURE HEALTH CARE WORKERS . INVESTING IN PATIENTS (COBRA PAYMENTS, FREE MAMMOGRAMS, PHARMACY COPAYS, EMERGENCY FUNDS FOR CANCER PATIENTS AND NICU FAMILIES) BEYOND PROVIDING EXCEPTIONAL AND COMPASSIONATE HEALTH CARE SERVICE, MERCYONE WATERLOO MEDICAL CENTER EXTENDS ITS HEALING MINISTRY INTO THE COMMUNITY THROUGH NUMEROUS PROGRAMS AND RESOURCES FOR ALL. A FREE TELEPHONE TRIAGE SERVICE IS AVAILABLE TO THE PUBLIC 24 HOURS A DAY, SEVEN DAYS A WEEK, OFFERING MEDICAL ADVICE OR PHYSICIAN REFERRAL PROVIDED BY REGISTERED NURSES REFERRED TO AS PATIENT ENGAGEMENT. TO ENSURE PATIENTS IN WATERLOO/CEDAR FALLS AND SURROUNDING COMMUNITIES GET TO AND FROM ESSENTIAL APPOINTMENTS AT OUR FACILITIES, THE CARE-A-VAN PROGRAM PROVIDES FREE TRANSPORTATION TO THOUSANDS OF PATIENTS WHO REQUIRE TRAVEL ASSISTANCE (*COVID-19 IMPACTED ASSISTANCE TO PATIENTS). MERCYONE WATERLOO HOME HEALTH PROVIDES CONTINUED NURSING, THERAPY, AND OTHER SUPPORT SERVICES IN PATIENTS' HOMES. WITH EMPLOYERS FOCUSED ON COST AND HEALTH CARE UTILIZATION CONTAINMENT, MERCYONE BUSINESS SOLUTIONS PARTNERS WITH HUNDREDS OF BUSINESSES THROUGHOUT NORTHEAST IOWA TO REDUCE HEALTH CARE COSTS FOR EMPLOYERS WHILE WORKING TO IMPROVE THE HEALTH OF THEIR WORKFORCE. OCCUPATIONAL HEALTH PROVIDES ADDITIONAL SERVICES INCLUDING INJUR