October 08, 2018

Overlake provides nearly $29 million in charitable impact in FY18 | Oct. 8, 2018

Bellevue, Wash. – (October 8, 2018) – Overlake Medical Center and Clinics today announced it provided $28,729,000 in charity care, Medicaid shortfall coverage and community benefit to Eastside patients in fiscal year 2018, which ended on June 30, 2018.  This amounts reflects Overlake’s ongoing commitment to serving all patients, regardless of socio-economic situation or ability to pay.  “I am 62 and this is the first time I have received any kind of assistance such as this and I am very grateful, this takes a huge concern off my shoulders,” wrote one Bellevue patient in a letter to Overlake’s financial services department.

Overlake reports that the cost of charity care provided was more than $7 million, representing medical bills that were covered at no expense to the patient.  Services ranged from primary care visits to coverage of comprehensive cancer treatment for patients who could not afford it.  “Overlake is proud to be a positive contributor to the long-term health and vibrancy of the Eastside,” said Overlake President and CEO, J. Michael Marsh.  “These figures spotlight the commitment to our entire community which has been the core of this organization since its founding in 1960.”

“I have always put my health last because of the monetary burden it has on my family, but today I am blessed by one less doctor’s bill in the mail because of you,” wrote an Eastside mother of two who included rainbow drawings from her young children. “You have warmed my heart, lightened my load, I can laugh a bit more and cry a bit less. I thank you for your part in my journey as a working wife, mom and woman.”

In addition to direct charity care, offered on a sliding scale up to 400% of federal poverty limit, the Medicaid shortfall-the discrepancy between the cost of providing care to patients and reimbursement by the Centers for Medicare and Medicaid Services-totaled nearly $16 million.  The value of community benefit activities was $5.7 million, representing community outreach, partnerships with other health-related non-profits, and educational events on topics including stroke awareness and fall prevention for seniors.

 

Google