Philanthropy Yields $9B for NFP Hospitals in 2012
Other key survey findings include:
- Nearly three in 10 of the high performers were academic institutions, and nearly one-fifth were either a children's hospital or community hospital.
- 43.9% were affiliated with a healthcare entity that had over $1 billion in net patient services revenue.
- 81.5% had more than $2 million in total fundraising expenses in FY 2012.
- Median total fundraising expenses for high performers was about five times the median total for all surveyed institutions.
- 82.4% of institutions employed more than seven or more FTE direct fundraising staff.
- High performers raised nearly six times the median production funds compared to all responding institutions, at $19.1 million versus $3.2 million.
For the first time, this year's report incorporates standard performance benchmarking, which is designed to facilitate comparisons among philanthropy programs of varying sizes, from large hospital systems to community hospitals and long-term, hospice and home care facilities.
McGinly says standardizing the reporting is important to providing meaningful comparisons. For example, with uniform benchmarks, hospitals will all include the same expenses when determining their cost to raise a dollar.
"We desperately need this standardization in our profession, and we find our high performers are leading us in that direction," McGinly says. "There needs to be consistency across the board."
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- The 5 Biggest Healthcare Finance Trouble Spots
- The Most Polarizing Topics in Healthcare IT
- New G-Code to Pay Doctors for Broad Array of Non-Face-to-Face Care
- Why You Should Involve Patients in Nursing Handoffs
- How CPOE Will Make Healthcare Smarter
- States Rejecting Medicaid Expansion Forgo Billions in Federal Funds
- Safety Net Executives Renew Call to Preserve DSH Payments