Edward Hospital’s Community Benefit nearly $100 million in FY 2012
Edward Hospital & Health Service’s Community Benefit totaled nearly $100 million in fiscal year (FY) 2012 (July 1, 2011 – June 30, 2012), the tenth year in a row the amount has increased and 12.5% higher than FY 2011.
Of that total, $13.4 million was charity care – the cost of medical services for patients provided free or partially reimbursed – through Edward’s Financial Assistance Policy, which calls for all patients to be treated without regard for their ability to pay for services.
One beneficiary of Edward charity care in FY 2012, and in previous years, was Stanislaw (Stan) Parys, a 63-year-old resident of Plainfield who does not have health insurance. The Edward Wound Healing Center has been treating Stan since 2009 for a wound near his left ankle which persisted because of poor blood supply to the area.
Edward’s charity care paid for $206,916 of Stan’s treatment in FY 2012 and nearly $370,000 total since he began receiving care at the Center.
“The program is really great. It helped ease my mind about the financial situation,” says Stan. “I didn’t have to go to the doctor’s office worrying about how to pay.”
In the summer of 2012, the Center started using its new hyperbaric oxygen therapy chambers to treat Stan’s wound.
"This therapy uses 100 percent oxygen under pressure to help blood vessels grow and it's toxic to bacteria,” says Jean Walsh, DO, Medical Director of the Center.
Stan’s wound got so bad at times through the years that he’s come close to getting the leg amputated. But, hyperbaric oxygen therapy, along with stents inserted in Stan’s lower leg to improve blood flow, have combined to heal the wound to the point that he’s ready to return to running, biking and playing with his grandchildren.
The stent procedure was performed by Mark Goodwin, MD, medical director of Edward Hospital's Cardiac Catheterization Lab and interventional cardiologist with Midwest Heart-Advocate Medical Group.
“The difference in Stan’s quality of life is dramatic,” says Dr. Walsh. “It’s such a relief that Edward is helping my patients, and that they’re not going bankrupt taking care of their health.”
“Stan’s story is just one example of many that shows how Edward earns its tax-exempt status every day,” says Pam Davis, President & CEO of Edward Hospital. “Our employees, nurses and physicians recognize that ensuring access to comprehensive, quality healthcare services is part of our continuing commitment to care for those who are underinsured or uninsured.”
Edward provides 100% assistance for uninsured patients who earn up to three times the U.S. poverty level. There’s a sliding scale that ranges from 95-60% assistance for those whose income is three to five times the poverty level. For uninsured patients, even those with incomes above this level, Edward offers the Hospital Uninsured Patient Discount, which reduces charges to no more than 135% of cost. Edward works with patients to develop payment plans to pay off remaining balances.
In addition, Edward has specially trained counselors who help uninsured patients apply for public aid, and social workers and discharge planners who work with community clinics, primary care doctors and follow-up providers to provide care to qualifying patients on a sliding scale or at no cost.
For more information, visit www.edward.org/financialassistance or call (630) 527-3100.
Edward Community Benefit
In FY 2012, Edward’s Community Benefit grew to $97.4 million, the tenth year in a row the amount has increased, and a 12.5% increase over FY 2011.
BENEFIT TYPE FY 2012*
Charity Care** $13,432,618
Bad Debt** $10,450,069
Community Services $10,371,760
*--FY 2012: July 1, 2011–June 30, 2012
**--Calculated using cost-to-charge ratio
***--Calculated using cost accounting system