Form 990 for tax year 2023

Totals

Total revenue

$169,096,410

Total expenses

$185,213,672

Contributions and grants received

$69,697

Grants paid

$31,579

Program service revenue

$167,404,669

Investment income

$34,654

Other revenue

$1,587,390

Total assets, end of year

$95,078,010

Total liabilities, end of year

$23,666,082

Net assets or fund balances, end of year

$71,411,928

Program services expenses (Part IX)

$181,317,030

Management and general expenses

$3,896,642

Fundraising expenses

$0

Program service expenses (Part III)

$181,317,030

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• Methodist Medical Center ("Methodist") first opened as an Army hospital in 1943. Now, 80 years later, the hospital is an Advanced Primary Stroke Center and provides medical specialties ranging from cardiology and orthopedics to oncology and wound care. The medical center is a 283-bed facility which employs approximately 1,000 people and serves more than 200,000 citizens in Anderson, Roane, Morgan, Campbell and Scott counties. SERVICEThe hospital is best known for its services in orthopedics, cardiology, oncology, rehabilitation therapy services, sleep diagnostics and wound treatment. Methodist's board-certified orthopedic surgeons are skilled in diagnosing and treating bone, muscle, and joint disorders. Specialty areas include total hip and knee replacement, spinal surgeries, fractures, complex rotator cuff/shoulder repairs and hand reconstruction. Using a series of best-practice guidelines, the hospital treats patients efficiently and effectively for optimal outcomes. The hospital is a Blue Distinction Center+ for knee and hip replacement, a program offered by the Blue Cross Blue Shield Association that recognizes the highest quality providers and doctors.Methodist offers a full continuum of heart-related care and services including open-heart surgery, and has completed over 8,000 open-heart procedures. The cardiac and pulmonary rehabilitation program is accredited by the American Association of Cardiovascular and Pulmonary Rehabilitation and offers an individualized plan of monitored exercise and education in a medically supervised environment. Methodist offers an expansion of its existing services through telehealth operations, designed to support the bedside clinical team and help bridge the access gap, ultimately improving patient outcomes and overall quality of care.Methodist served 163,135 patients in 2023. Of these, 154,602 were outpatients and 8,533 were inpatients with an average length-of-stay of 5.02 days. PUTTING PATIENTS FIRSTMethodist offers patients a high level of quality care, technology and service that you'd expect to find in a leading hospital. Methodist has received national honors, but also offers patients the convenience of a hometown medical center that is close to the support of family and friends. Recent awards for 2023: Safety:-The Leapfrog Group, "A" Safety Grade: Spring 2023 and Fall 2023Stroke:- Advanced Primary Stroke Center designated by The Joint Commission- 2023 Get With The Guidelines - Stroke Gold Plus Award- 2023 Get with The Guidelines - Stroke Target Elite Plus Honor Roll- 2023 Get With The Guidelines - Stroke Target Type 2 Diabetes Honor RollCancer:- Commission on Cancer Accredited - Best Hospital Women's Choice Awards - CancerCardiology:- 2023 Get With The Guidelines- Mission: Lifeline Gold Receiving Plus- 2023 Get With The Guidelines- Mission: Lifeline NSTEMI Gold Achievement Award- Cardiovascular/Pulmonary Rehabilitation (CROP): certified by the American Association of Cardiovascular and Pulmonary Rehabilitation (AACVPR)- Best Hospital Women's Choice Awards - Heart CareOrthopedics: - Spine Surgery: Blue Distinction Center+ - Knee and Hip Surgery: Blue Distinction Center+Women's:- Safe Sleep Certified - Gold (designation for infant sleep practices and education)- Breast Center: perfect FDA score 27 years - ACR Designated Comprehensive Breast Imaging Center- Best Hospital Women's Choice Awards - MammographyThe hospital is a member of Covenant Health's stroke hospital network, which links Covenant Health's member hospitals to provide our region with access to rapid diagnosis and treatment of stroke. Methodist's Wound Treatment Center team of physician specialists and nurses helps patients with conditions such as diabetic wounds, venous stasis ulcers and radiation wounds. Hyperbaric oxygen therapy (HBOT) is one of several advanced treatment options available at the center. HBOT stimulates the formation of new blood vessels, improves flow of oxygen to tissues and increases formation of fibrous tissues, helping patients recover from non-healing wounds. Methodist's Family Birthing Center is a 19-bed unit with four additional triage rooms. The center's birthing suites feature the comforts of home. In addition their welcoming appearance, the suites are high-tech delivery rooms with state-of-the-art monitoring and life support systems. The hospital celebrated 485 births in 2023.Methodist operates three Hospitality Houses which provide free temporary lodging to cancer patients and their families who must travel to Oak Ridge for extended treatment. The houses also are available to other patients needing long-term treatment as space allows. In 2023, 1,653 nights of stay were donated for an approximate value of $244,644.To help those less fortunate, the hospital also partners with the Free Medical Clinic to provide 2,000 free tests and procedures each year to community members in need. Methodist's collaborative Community Health Needs Assessment with Ridgeview Behavioral Health targets issues around mental health and substance abuse, including the MIST (Mothers and Infants Sober Together) program for pregnant women and young mothers struggling with addiction.IMPROVING THE COMMUNITY'S QUALITY OF LIFE THROUGH BETTER HEALTHMethodist has comprehensive health education programs for patients, their families, and the community at large. While many of the medical center's classes and activities are tailored for young families, it also offer health management classes and support groups for adults of all ages; smoking cessation and exercise classes for people who want to make important lifestyle changes; workshops for young people, and special events for the entire community. One such program is the medical center's "Take on Cancer Together" series, a partnership between Thompson Cancer Survival Center at Methodist and Cancer Support Community East Tennessee. In 2023, the series offered in-person events with options virtual attendance. Topics explored included coping with stress and depression, relaxation techniques, and managing lymphedema. By working together with local high schools and colleges, Methodist is providing expanded opportunities for students interested in learning more about the exciting field of medicine. The Health Sciences Academy with Oak Ridge High School is a multi-path program that prepares students to move seamlessly into postsecondary education or the healthcare work force. To encourage and nurture those interested in healthcare, Methodist's Volunteer organization awarded a $15,000 donation to Roane State Community College. This latest donation follows a rich tradition of support started by Methodist's Volunteer Organization more than 19 years ago, when it launched a six-year scholarship program for graduating high school seniors in the hospital's five-county service area: Anderson, Roane, Morgan, Campbell and Scott counties. The scholarships were for $1,000 each and were renewable for an additional year if the students remain in good academic standing and continued to pursue a career in healthcare. A similar donation was made in 2019, and now, in 2023, the Volunteers have picked up the torch again.As a core site for clinical rotations for Lincoln Memorial University's DeBusk College of Osteopathic Medicine, advanced medical students are gaining practical experience as they work side by side with Methodist physicians, applying their classroom knowledge to real-world medical situations. In 2023, the hospital broadened the local scope of medical training with the launch of the Methodist Family Medicine Residency Program, which will recruit medical school graduates to the Knoxville-Oak Ridge area to train and become the next generation of family physicians. A faculty of teaching physicians will oversee eight residents per year, with a total of 24 residents in training by year three. These residents will provide a needed supply of new family physicians for our region. The program anticipates welcoming its first class of eight residents in July 2024.

  Expenses $181,317,030 · Grants $31,579 · Revenue $167,418,919

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• Roane State Community College Foundation

  $15,000

  Scholarship fund support

• Methodist Medical Center Foundation

  $12,794

  General support, Hospitality Houses

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• Covenant Health

  501(c)(3) · Supporting organization · TN

• Claiborne Medical Center

  501(c)(3) · Acute care hospital · TN

  Directly controlled by Covenant Health

• Covenant HomeCare

  501(c)(3) · Home health services · TN

  Directly controlled by Covenant Health

• Cumberland Medical Center

  501(c)(3) · Acute care hospital · TN

  Directly controlled by Covenant Health

• Fort Loudoun Medical Center

  501(c)(3) · Acute care hospital · TN

  Directly controlled by Covenant Health

• Fort Sanders Regional Medical Center

  501(c)(3) · Acute care hospital · TN

  Directly controlled by Covenant Health

• Fort Sanders Foundation

  501(c)(3) · Fundraising and patient outreach · TN

  Directly controlled by Covenant Health

• Fort Sanders Perinatal Center

  501(c)(3) · High risk obstetrical services · TN

  Directly controlled by Fort Sanders Regional Medical Center

• LeConte Medical Center

  501(c)(3) · Acute care hospital · TN

  Directly controlled by Covenant Health

• Methodist Medical Center Foundation

  501(c)(3) · Fundraising and patient outreach · TN · controlled entity

  Directly controlled by Methodist Medical Center

• Morristown-Hamblen Hospital Association

  501(c)(3) · Acute care hospital · TN

  Directly controlled by Covenant Health

• Parkwest Medical Center

  501(c)(3) · Acute care hospital & behavioral health services · TN

  Directly controlled by Covenant Health

• Roane County Medical Center

  501(c)(3) · Acute care hospital · TN

  Directly controlled by Covenant Health

• Thompson Cancer Survival Center

  501(c)(3) · Cancer support center · TN

  Directly controlled by Covenant Health

• Thompson Oncology Group

  501(c)(3) · Oncology Services · TN

  Directly controlled by Thompson Cancer Survival Center

• Thompson Cancer Survival Center Foundation

  501(c)(3) · Fundraising and patient outreach · TN

  Directly controlled by Covenant Health

• The Dr Robert F Thomas Foundation Inc

  501(c)(3) · Fundraising and patient outreach · TN

  Directly controlled by Covenant Health

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

13 November 2024

IRS schema version

2023v5.1

Source object

202403189349305450

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