Bedford Memorial Hospital is located in Bedford, VA. The organization was established in 1957. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Bedford Memorial Hospital employed 422 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bedford Memorial Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bedford Memorial Hospital generated $58.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $43.3m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE COMMUNITY IT SERVES. THE HOSPITAL PROVIDES INPATIENT AND OUTPATIENT SURGERY, EMERGENCY, GERIATRIC AND REHABILITATIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEDFORD MEMORIAL HOSPITAL EXISTS TO SERVE THE HEALTHCARE NEEDS OF ITS COMMUNITY, REGARDLESS OF PATIENT ABILITY TO PAY. BEDFORD'S ACUTE HOSPITAL ADMITTED 1,696 PATIENTS DURING 2021 AND PROVIDED 5,969 DAYS OF CARE DURING THE YEAR. HOSPITAL PROGRAMS INCLUDE PROVISION OF NURSING CARE; EXTENSIVE INPATIENT AND OUTPATIENT SURGICAL AND ENDOSCOPIC SERVICES; AND DIAGNOSTIC IMAGING SERVICES INCLUDING CT, MRI, AND MAMMOGRAPHY. BEDFORD MEMORIAL HOSPITAL WAS HOME TO OAKWOOD MANOR, A LONG-TERM CARE FACILITY WHICH PROVIDED 22,348 DAYS OF SKILLED AND INTERMEDIATE CARE UNTIL NOVEMBER 2021. BEDFORD PROVIDES A NUMBER OF SERVICES TARGETING THE SPECIFIC HEALTH NEEDS OF ITS POPULATION, INCLUDING DIABETES MANAGEMENT; HOME HEALTH AND HOSPICE CARE; PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPY PROGRAMS; AN ADULT DAY CARE CENTER; AND CARDIAC AND RESPIRATORY REHAB. BEDFORD ALSO PROVIDES AN EMERGENCY DEPARTMENT WITH 24-HOUR CARE, EMERGENCY TRANSPORTATION, AND A CHEST PAIN AND STROKE PROGRAM. WITH 18,152 VISITS DURING 2021, BEDFORD'S EMERGENCY DEPARTMENT SERVICES ARE A CRITICAL COMPONENT OF THE HEALTH SAFETY NET IN ITS SERVICE AREA, ACTING AS A KEY HEALTH PROVIDER FOR A SIGNIFICANT NUMBER OF UNINSURED PATIENTS. 2021 COMMUNITY BENEFIT HIGHLIGHTS * IN FURTHERANCE OF ITS MISSION, BEDFORD PROVIDED EXTENSIVE UNCOMPENSATED CARE DURING 2021, $2,194,228 IN CHARGES AT AN ESTIMATED COST OF $570,574 WAS CONTRIBUTED AS TRADITIONAL CHARITY CARE TO PATIENTS WHO DID NOT HAVE THE ABILITY TO PAY. ELIGIBILITY FOR CHARITY CARE IS BASED ON POVERTY INCOME LEVELS SET BY THE STATE. * CHARGES OF $5,459,690, AT AN ESTIMATED COST OF $1,419,706 WAS CONTRIBUTED AS BAD DEBT TO PATIENTS WHO DID NOT HAVE THE ABILITY TO PAY. * LOSS FROM MEDICARE BASED ON COST TO CHARGE RATIO TOTALED $0. * LOSS FROM MEDICAID BASED ON COST TO CHARGE RATIO TOTALED $0. BEDFORD MEMORIAL HOSPITAL SUPPORTS COMMUNITY SCREENINGS AND EDUCATION ON CHRONIC DISEASE PREVENTION AND MANAGEMENT. BEDFORD MEMORIAL HOSPITAL EMPLOYEES CONTINUALLY OFFER SUPPORT TO THE COMMUNITY VIA PROFESSIONAL HEALTH EDUCATION ON CHRONIC DISEASE PREVENTION AND MANAGEMENT, HEALTH SCREENINGS, COUNSELING AND SUPPORT GROUPS. SOME EXAMPLES ARE LISTED BELOW. DURING 2021, THE HOSPITAL OFFERED EDUCATIONAL MATERIALS, ON TOPICS SUCH AS DIABETES, HEART DISEASE, SKIN CANCER, NUTRITION/WEIGHT MANAGEMENT, ETC., AT LOCAL COMMUNITY FESTIVALS. THE HOSPITAL ALSO CONDUCTED HEALTH SCREENINGS AT LOCAL EXPOS AND HEALTH FAIRS. HOSPITAL PERSONNEL ALSO LEAD MANY HEALTH EDUCATION SEMINARS THROUGHOUT THE YEAR WITH TOPICS SUCH AS HEART DISEASE/HEALTHY HEART, NUTRITION/WEIGHT MANAGEMENT, ETC. VOLUNTEERS BEDFORD MEMORIAL HOSPITAL IS HONORED TO HAVE MANY VOLUNTEERS FROM THROUGHOUT OUR SERVICE AREA MAKING A DIFFERENCE TO OUR PATIENTS, VISITORS, AND STAFF. OUR VOLUNTEERS ARE AN INVALUABLE PART OF OUR OPERATIONS, AS THEY SERVE VARIOUS LOCATIONS THROUGHOUT THE HOSPITAL SUCH AS, FRONT DESK, REGISTRATION, EMERGENCY DEPARTMENTS, TRANSPORT, ETC. IN 2021, 44 VOLUNTEERS DONATED 5,017 HOURS TO OUR VOLUNTEER PROGRAM. DUE TO COVID-19, IN 2021 THERE WERE FEWER COMMUNITY BENEFIT EVENTS AND SCREENINGS OFFERED. HOWEVER, BMH CONTINUED SERVING THE COMMUNITY THROUGH PARTICIPATION IN SERVICE-ORIENTED ORGANIZATIONS SUCH AS ROTARY CLUB, LIONS CLUB, THE BEDFORD AREA CHAMBER OF COMMERCE, AND THE CENTRAL VIRGINIA BUSINESS COALITION. COMMUNITY SUPPORT WAS ALSO GIVEN THROUGH SPONSORSHIPS AND DONATIONS. THE COVID 19 PANDEMIC NEGATIVELY IMPACTED 2021 COMMUNITY OUTREACH PROGRAMMING AT BEDFORD MEMORIAL HOSPITAL. THE FOLLOWING IS A LIST OF PROGRAMS AND NUMBER OF PARTICIPANTS. *COMMUNITY HEALTH EDUCATION - GENERAL (C), HEART DISEASE/HEART EDUCATION, 1 SESSION, 100 PARTICIPANTS *COMMUNITY HEALTH EDUCATION - GENERAL (C), WALK/RUN EVENT, 1 SESSION, 100 PARTICIPANTS *COMMUNITY BENEFIT OPERATIONS (G), COMMUNITY HEALTH NEEDS ASSESSMENT - CHNA MEETINGS, 20 SESSIONS, 432 PARTICIPANTS *COMMUNITY BUILDING ACTIVITIES (X), COALITION BUILDING - MEETINGS, 9 SESSIONS, 238 PARTICIPANTS *COMMUNITY BUILDING ACTIVITIES (X), ECONOMIC DEVELOPMENT, 8 SESSIONS, 112 PARTICIPANTS IN 2021, THE TOTAL COMMUNITY BENEFIT REALIZED FOR BEDFORD MEMORIAL HOSPITAL WAS $1,895.68, THIS IS JUST A FEW WAYS IN WHICH BEDFORD MEMORIAL HOSPITAL REACHES OUT INTO THE COMMUNITY TO BRING AWARENESS TO HEALTH ISSUES AND ASSIST INDIVIDUALS IN OBTAINING THE HEALTHCARE NEEDED IN ORDER FOR THEM AND THEIR FAMILY MEMBERS TO STAY HEALTHY. IN 2021, BEDFORD HOSPICE VOLUNTEERS DONATED 2,273 HOURS OF SERVICE TO THE HOSPICE PROGRAM. VOLUNTEER SERVICE VISITS WERE MADE BY PORCH VISITS TO HOMES AND FACILITIES. VOLUNTEER VISITS ARE STILLL RESTRICTED BY HOSPICE ADMINATION DUE TO THE COVID19 RESTRICTIONS FOR VOLUNTEERS. A LARGE PORTION OF THEIR TIME AND TALENT WAS COMMITTED TO THE HOSPICE HOUSE. VOLUNTEERS SUPPORT THE HOSPICE HOUSE BY GROCERY SHOPPING, MEAL, AND MEDICATION DELIVERY. VOLUNTEERS DEVELOPED A NEW PROGRAM OF SENDING CARDS, PHONE CALLS AND SMALL GIFTS TO PATIENTS AND FAMILIES. HOSPICE MEMORIAL SERVICES MOVED TO ON VIRTUAL FORMAT ON FACEBOOK LIVE. DEVELOPING A NEW VIRTUAL SERVICE WHICH WAS PROVIDE EACH QUARTER OUR VOLUNTEERS USE THEIR OWN CARS AND HAVE REPORTED DRIVING 17,685 MILES IN 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Bass Jr VP & Bmh CEO | Officer | 50 | $293,436 |
Ceres Hirst Rn Acute Care | 50 | $217,516 | |
Sandra Martin Rn Acute Care Weo A | 50 | $188,538 | |
Georgiann Watts Chief Nursing Officer | Officer | 50 | $178,924 |
Susan Waters Manager Pharmacy Operations | 50 | $165,786 | |
Megan Horton Pharmacist | 50 | $149,213 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Webbs Oil Company Inc Oil Svcs | 12/30/21 | $259,709 |
Pathology Consultants Pathology Svcs | 12/30/21 | $164,307 |
State Serv Equipment Rental | 12/30/21 | $148,289 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $104,909 |
Government grants | $2,655,156 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,760,065 |
Total Program Service Revenue | $48,220,898 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $253,516 |
Net Gain/Loss on Asset Sales | $7,392,587 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $58,938,493 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $112,500 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $509,195 |
Compensation of current officers, directors, key employees. | $67,393 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,970,748 |
Pension plan accruals and contributions | $420,627 |
Other employee benefits | $3,626,678 |
Payroll taxes | $0 |
Fees for services: Management | $3,021,597 |
Fees for services: Legal | $20,836 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,653,397 |
Advertising and promotion | $50,820 |
Office expenses | $1,782,157 |
Information technology | $4,061 |
Royalties | $0 |
Occupancy | $1,367,033 |
Travel | $101,066 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,067 |
Interest | $39,770 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,243,212 |
Insurance | $459,741 |
All other expenses | $0 |
Total functional expenses | $43,333,048 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,915,218 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,344,856 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $933,313 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $21,342,485 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $2,577,789 |
Other assets | $936,768 |
Total assets | $39,050,429 |
Accounts payable and accrued expenses | $2,912,487 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $5,150,893 |
Total liabilities | $8,063,380 |
Net assets without donor restrictions | $30,987,049 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $39,050,429 |
Over the last fiscal year, Bedford Memorial Hospital has awarded $105,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Bedford, VA PURPOSE: Campaign Project | $75,000 |
Lynchburg, VA PURPOSE: Medical Transport. | $30,000 |
Over the last fiscal year, we have identified 2 grants that Bedford Memorial Hospital has recieved totaling $112,054.
Awarding Organization | Amount |
---|---|
Centra Health Foundation Lynchburg, VA PURPOSE: PROVIDE FINANCIAL SUPPORT TO HOSPITAL | $104,909 |
Centra Health Foundation Lynchburg, VA PURPOSE: PROVIDE FINANCIAL SUPPORT TO HOSPITAL | $7,145 |
Organization Name | Assets | Revenue |
---|---|---|
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Harnett Health System Inc Dunn, NC | $119,557,525 | $137,837,447 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
U Of M Rehab & Orthopaedic Institute Baltimore, MD | $214,130,610 | $125,454,652 |
Lexington Medical Center Lexington, NC | $126,269,827 | $125,126,706 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Novant Health Thomasville Medical Center Llc Winston Salem, NC | $97,078,773 | $115,006,947 |