MaineHealth’s longstanding commitment to improving the health and well-being of our communities entered a new era on January 1, 2019, when our Maine-based hospitals unified under a single organizational structure. It has indeed been a remarkable year.
We have leveraged the advantages of our unified health system to make significant investments in our people, programs and infrastructure. Inside this Annual Report, you’ll learn how MaineHealth is evolving our models of care to enhance clinical excellence; collaborating with our communities to strengthen local health services; cultivating a skilled and engaged workforce; and building new partnerships to improve access and reduce cost.
Our Board and senior leaders devoted many hours developing the MaineHealth 2020-2022 Strategic Plan, which charts our health system’s course over the next three years. Our four core strategic goals – namely, enhancing patient experience, improving care team well-being, improving population health, and making care more affordable – are driven by our shared mission, vision and values. This strategic plan provides a framework for the actions we will take to navigate the opportunities and challenges presented by the rapidly changing health care landscape.
In the year ahead MaineHealth will maintain our focus on patient care quality, value and experience. We will address the public health challenges of our time, such as opioid use disorder, diabetes, and food insecurity in our communities. We will continue to innovate our clinical models and to build out our technology infrastructure to transform the way we provide care. And we will continue to forge partnerships that support outstanding and accessible health care for our patients, families and communities.
We are one health system, working together so our communities are the healthiest in America.
William L. Caron, Jr
Chief Executive Officer, MaineHealth
Richard W. Petersen
Download our 2019 Annual Report
Click to download a PDF of the 2019 MaineHealth Annual Report.
In keeping with our vision and mission, MaineHealth offers a wide range of community programs focused on disease management, prevention and population health — free of charge — and no one is ever denied care because of inability to pay.
IN 2018 THE MAINEHEALTH QUANTIFIABLE VALUE OF COMMUNITY BENEFITS AT COST WAS OVER $477 MILLION.
This number reflects all of the programs and services our health system provides without reimbursement, including uncompensated care, professional education and training, community health services and support, and research.
Our nationally recognized Access to Care programs have helped tens of thousands of uninsured and under-insured people get access to comprehensive, affordable health care services.
Helps people who don't qualify for public or private health care coverage programs get the health care they need.
Helps patients and health care providers find free or low-cost prescription drug options.
Helps to educate and enroll people through Health Insurance Marketplace and MaineCare.
Access to Care FY18 Total Impact
MaineHealth and Subsidiaries Consolidated Statement of Operations
Year Ended September 30, 2018
($ in thousands) 2018
Amounts charged for patient services
Less portion not received due to Medicare, Medicaid and private insurance reimbursement rates
paid at amounts less than charged
Less portion of amounts charged not received due to lack of patient ability to pay
Less portion of amounts charged that were provided to patients as free care
Net payments received from services provided to patients
Gifts, earnings on investments and other non-patient revenue
Total Funds Received
Salaries and benefits
Professional fees, purchased services, supplies and taxes
Cost of facilities, depreciation, interest, other
Total Funds Expended
Amounts Earned for Future Investments in Patient Care and Community Health Programs
Source: Audited Financial Statements
S&P Global Ratings affirmed MaineHealth's financial strength with an A+ rating in 2019.
Moody's Investor Service assigned MaineHealth a rating of A1 in 2019.