Tuesday, February 23, 2010

What IF these donors only knew of WMC's profitability?

The Winchester Star just featured a story about the WMC Foundation honoring the major donors at the fourth annual Heart Ball Saturday night.

About 350 donors who contributed $1,000 or more attended the black-tie event at the Shenandoah Valley Golf Club. Some of them gave as much as $25,000 in the past year.
In the past year, 1,000 donors have raised $1.2 million. Since its beginning in 2004, the foundation has raised more than $8.6 million and funded nearly $4 million in grants to improve health care.
For more details on the article, visit http://winchesterstar.com/pages/view/donors.html

Nobody can dispute these donors generosity as it's their choice to donate to whomever they desire but what if they knew how profitable the Winchester Medical Center has been since 2001?

Folks, its just amazing of these (in excess of revenue) profit figures that just the Winchester Medical Center (not-for-profit) alone is producing since 2001 according to Quad State Business Journal was $11.8 million.

So ... here you go ...
  • 2001 - $11.8 million
  • 2005 - $54,346,679 (per IRS990)
  • 2006 - $57,422,678 (per IRS990)
  • 2007 = $66,617,961 (per IRS990)

Everyone has read where The Pub documented that from 2001-2005, that was a 383% increase, well my goodness, from 2001-2007 that has risen even more so up to 460%.

You tell us what in the world in going on?  These numbers are getting too big for The Pub to even comprehend for this "not-for-profit" organization.  Please keep in mind, this is just Winchester Medical Center alone, there are many other revenue generating services that have not been factored in yet.

To close, nobody can dispute the thoughtfulness of these donors BUT what if they only knew of the profits that the WMC just itself turned from 2001-2007?

No doubt about it, that leaves many local charities wondering if these donors would have given to their respective charities that are very much in need during these very difficult economic times.

It’s only fair that the public be more informed but Valley Health System does NOT do a very good job of be very transparent with their financial information in fear of opening up Pandora’s Box!

Finally, our local media outlets do an outstanding job of telling one side of the VHS’s greatness BUT search this blog for keywords of “Valley Health System” and “Winchester Medical Center” so that you as a concerned citizen are more informed to learn about another side of Valley Health System.

1 comment:


Patients must "pre-qualify" in order to determine their eligibility for financial assistance and/or charity care.

In years past, IF you did not ask, then you more than likely were not informed of your options.

If you do not understand, then review the difference in the "patient billing policy" as of January 15, 2009:


Could you determine what your options were as a person in need and/or uninsured patient?

Now, review what it looks like as of May/June of 2009:

There is a major difference in the NEW billing policy as compared to the one as of 1/15/2009.

Again, you must "pre-qualify" and ask questions!

If anyone needs help understanding better, please contact us by reviewing the "profile" info to the right of this page.

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