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Hospital Development Co

Hospital Development Co

Spencer, WV
Tax ID55-0484469

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About this organization

Revenue

$41,232,928

Expenses

$39,212,755

Mission

To promote the general health and welfare of Roane County and surrounding areas and all of the citizens thereof by furthering all legitimate methods for the prevention and treatment of disease and the positive promotion of health, both personal and public, including but not limited to the operation of hospitals, nursing schools, nursing homes and medical research facilities; to foster and conduct education in medicine in all its branches and in those adjacent and kindred arts and sciences such as nursing and technical training which contribute to the diagnosis, treatment, care and prevention of disease.

About

Roane General Hospital generated gross revenue of $84,982,998 of which $46,379,363 was uncollectible due to contractual agreements with Medicare, Medicaid and other third-party payors. Bad debts due to inability or unwillingness of patients to pay amounted to $2,937,841. Additionally, charges for patients meeting 200% of the poverty level and who qualified for charity care were written off totaling $470,081.

Interesting data from their 2019 990 filing

The non-profit's aim, as stated in the filing, is “Roane general hospital is dedicated to the delivery of high-quality, cost effective health care to all members of our community. the work we do makes a difference in people's lives.”.

When referring to its actions, they were outlined as: “To promote the general health and welfare of roane county and surrounding areas and all of the citizens thereof by furthering all legitimate methods for the prevention and treatment of disease and the positive promotion of health, both personal and public, including but not limited to the operation of hospitals, nursing schools, nursing homes and medical research facilities; to foster and conduct education in medicine in all its branches and in those adjacent and kindred arts and sciences such as nursing and technical training which contribute to the diagnosis, treatment, care and prevention of disease.”.

  • The non-profit has complied with legal obligations by reporting their state of operation as WV.
  • The non-profit's address in 2019 is noted in the filing as 200 Hospital Drive, Spencer, WV, 25276.
  • The non-profit's form for 2019 reports a total of 349 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $2,020,173.
  • The organization has 14 independent voting members.
  • The organization was formed in 1966.
  • The organization pays $20,475,047 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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