St. Joseph is a not-for-profit hospital. We adhere to a very different mandate than for-profit hospitals. All remaining funds after expenses must be invested back into services for the community. We reinvest 100 percent of our “profi t margin” in new equipment, facilities and services. There are no shareholders or investors.

where the funds came from:
St. Joseph Hospital charged:
for 61,614 days of service to patients	$262,113,243
for 97,187 Outpatient Visits	$143,221,683
In addition we received:
from investments and other sources	$15,968,521
	$421,303,447
We did not receive full payment:
for those unable to pay (charity care)	($9,445,262)
for those unwilling to pay (bad debt)	($8,418,054)
from Medicare, Medicaid and other insurance programs	($158,314,170)
	($176,177,486)
TOTAL FUNDS RECEIVED	$245,125,961
How The Funds Were Used:
St. Joseph Hospital applied funds:
to provide free or reduced-cost services to the community	$6,247,860
to provide cash assistance to community organizations	$476,184
to pay 2,148 full and part-time employees	$92,956,311
to provide benefits to employees	$27,157,685
to purchase services	$30,295,307
to purchase supplies, utilities and other expenses	$65,634,472
to replace existing facilities	$12,678,014
to provide for future services	$9,680,128
TOTAL FUNDS USED	$ 245,125,961