Valley Health gives back to the community in many ways. Two important areas are charity care and bad debt allowances. These two items grew 9.2% last year and up 19% over two years. The health system’s total community contribution also includes losses from providing care to patients covered by two government programs: Medicare and Medicaid. In 2007, Valley Health’s total community contribution topped $56 million, an increase of 18.3% over 2006 and a jump of nearly 47% since 2005.
Valley Health is also an important economic presence in the region, paying salaries to over 4,500 employees, and purchasing millions of dollars worth of goods and services from local vendors. Looking at the big picture, Valley Health is proud to contribute to the health and vitality of the communities we serve.
For the record, the question marks (???) below for 2004 and the profit for 2005, a request has been sent for an explanation and will be posted as soon as it's been received.
|2004 ||2005 ||2006 ||2007 |
|Charity Care ||21,600,000 ||14,263,146 ||17,285,000 ||18,902,225 |
|Other Means-Tested Programs ||??? ||8,312,991 ||8,551,185 ||10,773,161 |
|Other Contributions ||??? ||2,909,717 ||1,722,880 ||1,357,696 |
|Bad Debt ||??? ||16,314,400 ||16,105,313 ||17,569,553 |
|Medicare Shortfall (- is a gain) ||14,486,000 ||-3,899,411 ||3,058,887 ||6,635,781 |
|Community Building Activities ||??? ||267,303 ||693,253 ||832,910 |
|Total Community Benefit : ||59,000,000 ||38,168,146 ||47,416,518 ||56,071,326 |
-Valley Health's pamphlet, THE BIG PICTURE, 2007 Benefit to the Community