Financial and community report
A nonprofit that serves the community
As a nonprofit, locally owned organization, Legacy Health exists to serve. Fittingly, we present our financial numbers as a service to the public.
Our financial summary for the most recent fiscal year shows how much money we contribute to help the community.
In reviewing our financials, remember that Legacy is a nonprofit organization; the money we make from our margin is reinvested into the organization to ensure that we can offer quality care and be stable for the future.
Our role is to be here for the community with the best health care available. It is a responsibility we take seriously.
$300.6 million of care to those in need
Also, you may notice that we provide a large amount of “charity care” each year –– health care to those who cannot afford it, have no insurance or not enough insurance. For fiscal year 2016, the cost of such care to Legacy was $29.4 million.
Plus, we had another $271.2 million in unreimbursed costs related to providing services to Medicare and Medicaid beneficiaries.
Charity care and services to Medicare and Medicaid beneficiaries bring our total costs to services for people in need to more than $300.6 million in the most recent fiscal year.