Approximately $3.6 billion since FY 2001
DANVILLE, PA -- Geisinger provided $580.2 million in community support in fiscal year 2015 in the form of free, uncompensated care to patients who could not afford to pay; the provision of care for the elderly and the poor not paid by Medicare or Medicaid; allied health medical residency and fellowship educational programs; healthcare research; community health education and outreach programs.
The $580.2 million represents 14.66 percent of Geisinger’s total operating expenses and is nearly three times what is required to meet Pennsylvania’s standards as a charitable mission. From fiscal year 2001 through fiscal year 2015, Geisinger has provided approximately $3.6 billion in community benefit.
“In addition to caring for our patients, we are also deeply committed to caring for our community,” said Geisinger President and Chief Executive Officer David T. Feinberg, M.D., MBA. “We take pride in our patient care, education, research, and community service mission, and are pleased that our efforts help to make our communities great places to live, work and have a family.”
Geisinger employs approximately 30,000 people and serves as a major driver of the economy. The Hospital and HealthSystem Association of Pennsylvania (HAP) recently reported that Geisinger has an annual positive impact of $9.9 billion on the state economy. When combined with the $635 million annual positive impact on the New Jersey economy by AtlantiCare, a member of Geisinger, Geisinger’s total economic impact in Pennsylvania and New Jersey is more than $10.5 billion. AtlantiCare is not included in the health system’s most recent community benefit calculation because it joined the health system after fiscal year 2015 ended.
“We continue to focus on doing what is right and best for our patients, employees, and community, and ensuring that compassionate and professional healthcare is available in the communities we serve,” said Geisinger Executive Vice President Lynn Miller.
One of the nation’s most innovative health services organizations, Geisinger serves more than 1.5 million patients in Pennsylvania and New Jersey. The system includes 13 hospital campuses, a nearly 600,000-member health plan, two research centers and the Geisinger Commonwealth School of Medicine. Geisinger is known for its focus on caring and innovative programs including the ProvenCare® best-practice approach to maximize quality, safety and value; ProvenHealth Navigator® advanced medical home; Springboard Health® population health program to improve the health of an entire community; ProvenExperience™ to provide refunds to patients unhappy with their care experience; and Geisinger’s MyCode® Community Health Initiative, the largest healthcare system-based precision health project in the world. With more than 215,000 volunteer participants enrolled, MyCode is conducting extensive research and returning medically actionable results to participants. A physician-led organization, with approximately 32,000 employees and more than 1,800 employed physicians, Geisinger leverages an estimated $12.7 billion positive annual impact on the Pennsylvania and New Jersey economies. Repeatedly recognized nationally for integration, quality and service, Geisinger has a long-standing commitment to patient care, medical education, research and community service. For more information, visit www.geisinger.org, or connect with us on Facebook, Instagram, LinkedIn and Twitter.