NonprofitsWakemed

Health Care

Wakemed

RALEIGH, NC

Total revenue

$2.3B

Total expenses

$2.3B

Net assets

$885.9M

Grants received

$2.0M

27 grants

EIN

566017737

Tax year

2023

Mission

The mission of wakemed is to improve the health and well-being of our community with outstanding and compassionate care to all.

Programs

2 programs

Cardiovascular - wakemed's heart and vascular program is one of the largest and most comprehensive cardiovascular programs in the state of north carolina. This year, 18,442 cardiovascular procedures were performed including surgery, diagnostic and interventional cardiac catheterizations and electrophysiology studies. Thousands more patients were treated medically as in and outpatients throughout the system. In fiscal year 2024, our cardiac patients included 61.2% who were insured under medicare, 7.3% who were insured under medicaid, and 2.8% who were uninsured (or "self-pay or charity care"). Wakemed health & hospitals has consistently been nationally recognized for excellence in both stroke and heart care. Wakemed raleigh campus and wakemed cary hospital received recognition from the american heart association and the american stroke association through their "get with the guidelines (gwtg)" awards, each earning gold plus achievement awards for both stroke care and for heart failure care. These recognitions signify that wakemed has reached an aggressive goal of treating both stroke and heart failure patients according to the guidelines of care recommended by the american stroke association, american heart association, and american college of cardiology. Both wakemed cary hospital and wakemed raleigh campus received chest pain center accreditation by the society of cardiovascular patient care, and both received the joint commission advanced certification for primary stroke center. In addition, wakemed raleigh campus received a three star rating from the society of thoracic surgeons, is rated a top 50 cardiovascular hospital by ibm watson health, and received the 2021 cigna center of excellence designation for heart surgery & cardiac catheterization and angioplasty. Wakemed is the first us health care system to implement enhanced recovery after cardiac surgery, which cause it to be the first hospital to be named a center of excellence by the eras society. A key support service for our community, wakemed mobile critical care services is a comprehensive medical transport program that improves access to acute care and facilitates transport into, out of, and across the health care system. Wakemed mobile critical care services transports patients throughout the region and state. In fy2024, the team transported 22,165 patients. Wakemed's heart center has made significant strides in programs and services aiming to reduce heart disease and diabetes, improve stroke outcomes and improve patients' understanding of disease management. We know that teaching patients about their risk factors for heart disease and encouraging healthy behaviors through lifestyle changes builds a foundation for a healthier population. Thus, the wakemed heart center provides a comprehensive continuum of care for the cardiac patient from outreach education and prevention to diagnosis, intervention, surgery, cardiac rehabilitation and ongoing disease management for heart failure diabetes. Free education programs are offered regularly for our patients, their family members and the community to complement our comprehensive care services. Because the fastest intervention provides the best outcomes, all of wakemed's emergency departments are certified chest pain centers. Wakemed raleigh campus and cary hospital are designated primary stroke centers. Additionally, wakemed's heart center provides free health screenings throughout the community including cholesterol screenings, blood pressure checks, vascular screenings, and stroke assessments. These screenings are designed to be a secondary prevention activity to detect early onset of disease or illness. Wakemed heart & vascular provides numerous opportunities for heart health education and cpr training in the commuity. One of our key outreach programs is cpr anytime. This program is provided at multiple locations in wake county throughout the year and the cpr anytime kits are provided at no cost to participants. Wakemed does make the opportunity for donations available to help underwrite some of the cost and allow the program to continue to grow. Donations cover less than 5% of the overall cost.

Expenses: $285.9M

Emergency services - a critical issue facing wake county residents continues to be access to affordable health care. To address this challenge, wakemed has strategically placed six full-service, emergency departments in key geographic areas throughout the county in raleigh, cary, north raleigh, apex, brier creek, and garner. Located in raleigh, wakemed also operates the only children's emergency department in the county. Because physician availability is key to opening access to care, wakemed's physician practices, healthplexes, and outpatient services are conveniently positioned through the area. Wakemed is among the top three volume providers of emergency care in north carolina. Wakemed's raleigh campus is also home to wake county's only level 1 trauma center, the highest designation awarded to trauma centers in north carolina. Wakemed cary hospital emergency department is a level iii trauma center. Our trauma services include a comprehensive research program, injury prevention programs, fellowship trained trauma surgeons on-site 24/7, a multi-disciplinary team of professionals, the clinical support of six adult intensive care units and a pediatric intensive care unit, as well as a comprehensive acute, inpatient and outpatient physical rehabilitation program. Wakemed's emergency and trauma services treat all patients who present seeking medical care, regardless of their ability to pay. In fy 24, 15.5% of our total emergency patients were insured under medicare; 30.7% were insured under medicaid; and 11.4% were uninsured self-pay/charity care. Over 42% of all patients seen in our emergency departments are either medicaid or uninsured patient, resulting in wakemed providing care of an estimated 70.2% of wake county's uninsured and medicaid patients. All stand-alone locations serve areas which are otherwise underserved.

Expenses: $180.2M

Financials

FY 2023

Revenue

Contributions & grants$4.8M
Program service revenue$2.3B
Investment income$23.1M
Other revenue$2.1M
Total revenue$2.3B

Expenses

Grants paid$2.2M
Salaries & benefits$1.3B
Fundraising
Other expenses$1.0B
Total expenses$2.3B
Total assets$2.0B
Net assets$885.9M

People

49 listed

NameRoleCompensation

Donald Gintzig

President & CEO

Board

$1.9M

80 hrs/wk

Thomas Gough

EVP & Chief Operating Officer

Board

$665K

60 hrs/wk

Stephanie Sessoms

EVP & Chief Financial Officer

Board

$355K

65 hrs/wk

Theodore Lotchin

VP & Chief Compliance & Privacy Officer (Until 2/24)

Board

$353K

60 hrs/wk

David Nussman

VP, Compliance and Privacy - Interim (From 12/3/23)

Board

$136K

55 hrs/wk

Dionne Whitaker

Officer - Secretary

Board

$85K

50 hrs/wk

Satish Garimella

Board Member

Board

1.6 hrs/wk

Mary Nash Rusher

Secretary

Board

2.1 hrs/wk

Margaret Bratton

Vice Chair

Board

2.1 hrs/wk

Blount Williams

Board Member

Board

2.1 hrs/wk

Laura Helton MD

Board Member

Board

1.8 hrs/wk

Larry Barbour

Board Member (until 5/25/24)

Board

2.5 hrs/wk

Peter M Scott III

Board Member

Board

1.4 hrs/wk

Thad L McDonald MD

Chair

Board

3.2 hrs/wk

Keemia Shaw

Board Member

Board

1.4 hrs/wk

James Anthony Penry

Board Member

Board

1.8 hrs/wk

Henry L Darnell

Board Member (Until 5/25/24)

Board

2.3 hrs/wk

Dan Blue III

Board Member

Board

2.1 hrs/wk

Christina A Shanahan

Board Member

Board

1.8 hrs/wk

Sonia Barnes

Board Member

Board

1.8 hrs/wk

Robert C Rice Jr

Board Member

Board

2.1 hrs/wk

Michael Painter

Board Member

Board

1.8 hrs/wk

ashish Patel

Physician

Staff

$1.5M

60 hrs/wk

bryon boulton

Physician

Staff

$1.4M

62 hrs/wk

mark graham

Physician

Staff

$1.4M

60 hrs/wk

gurvinder deol

Physician

Staff

$1.3M

60 hrs/wk

judson williams

Physician

Staff

$1.3M

80 hrs/wk

Seth Brody

EVP, Physician Services

Staff

$644K

60 hrs/wk

Rebecca Andrews

SVP & Administrator Raleigh

Staff

$516K

70 hrs/wk

Charles Harr

Chief Medical Officer, Raleigh

Staff

$452K

60 hrs/wk

Cynthia Alness-Boily

SVP - Operations & CNO

Staff

$435K

60 hrs/wk

Susan James

VP & Chief Legal Officer (Until 12/1/23)

Staff

$429K

65 hrs/wk

Peter Marks

VP & Chief Information Officer

Staff

$427K

55 hrs/wk

Karen Chilton MD

SVP & Chief Quality Officer

Staff

$405K

50 hrs/wk

Carolyn Knaup

SVP - Strategic Ventures & Ambulatory Operations

Staff

$404K

55 hrs/wk

John Perry

VP, Medical Information

Staff

$394K

60 hrs/wk

Rick Shrum

VP & Chief Strategy Officer

Staff

$388K

55 hrs/wk

Karen Bash

Chief Medical Officer, North

Staff

$383K

55 hrs/wk

Thomas Cavender

VP, Facilities & Construction

Staff

$370K

60 hrs/wk

Valerie Barlow

SVP & Administrator North

Staff

$357K

60 hrs/wk

Micah Krempasky

Chief Medical Officer, Mental Health & Well-Being

Staff

$354K

60 hrs/wk

Jeronica Goodwin

SVP, Human Resources

Staff

$349K

60 hrs/wk

Debra Laughery

VP, Marketing and Communications

Staff

$342K

60 hrs/wk

Thomas Hughes

SVP & Administrator Cary

Staff

$333K

57 hrs/wk

Jeff Neisen

VP, Revenue Cycle

Staff

$329K

70 hrs/wk

Gayla Harvey

VP, Payor Strategy & Managed Care Contracting

Staff

$325K

48 hrs/wk

Christine Craig

VP, Governmental Affairs

Staff

$312K

60 hrs/wk

Shondra Brink

Former VP, WakeMed Physician Practices (until 6/3/23)

Staff

$155K

0

Roylyn Johnson

Former Secretary (Until 2/7/23)

Staff

$122K

0

Independent contractors

MORRISON MANAGEMENT SPECIALIST

FOOD & NUTRITION SERVICES

$13.4M

UNC SCHOOL OF MEDICINE

RESIDENT FEES

$4.1M

LABORATORY CORPORATION OF AMERICA

DIAGNOSTIC TESTING SERVICES

$3.3M

BMA WAKE-Grtr WAKE AREA ACUTESFRESENIUS MED CARE

KIDNEY DIALYSIS SERVICES

$3.2M

HEALTH CATALYST INC

DATA & DATA ANALYSIS TECHNOLOGY

$3.1M

Grants received

Showing 27 of 27

FromAmountPurposeYear
$125K
FOR WAKEMED MENTAL HEALTH AND WELL-BEING HOSPITAL. PART OF THE WAKEMED WHOLE PERSON HEALTH CAMPUS IN GARNER NC
2024
$6K
PROGRAM SUPPORT
2024
$270K
GENERAL SUPPORT - EMPLOYEE ASSISTANCE
2023
$132K
DIABETES PROGRAM
2023
$26K
PROGRAM SUPPORT
2023
$11K
GENERAL SUPPORT
2023
$11K
ENCOURAGE READING
2023
$291K
GENERAL SUPPORT - EMPLOYEE ASSISTANCE
2022
$63K
ENHANCE CARE AT WAKEMED
2022
$12K
ENCOURAGE READING
2022
$8K
ADDRESS STAFF BURNOUT AND EMPLOYEE RETENTION
2022
$7K
For grant recipient's exempt purposes
2022
$277K
General Support
2021
$53K
ENHANCE CARE AT WAKEMED
2021
$17K
GENERAL PURPOSE
2021
$238K
GENERAL SUPPORT
2020
$150K
ASPR - NORTH CAROLINA COVID-19 HOSPITAL PREPAREDNESS PROGRAM
2020
$67K
GENERAL PURPOSE
2020
$50K
1 GRANT(S) FOR VARYING PURPOSES
2020
$14K
Enhance care at WakeMed
2020
$36K
Enhance care at WakeMed
2019
$22K
GENERAL PURPOSE
2019
$17K
GENERAL PURPOSE
2018
$9K
ENCOURAGE READING
2018
$10K
GENERAL PURPOSE
2017

Funded by

$2.0M from 14 funders · 27 grants · 2017–2024

Wakemed Group Return

$1.1M · 4 grants · 2020–2023

The Volunteers At Wakemed Raleigh Campus

$166K · 4 grants · 2019–2022

North Carolina Healthcare Foundation

$150K · 1 grant · 2020

Triangle Community Foundation Inc

$133K · 5 grants · 2017–2021

American Heart Association Inc

$132K · 1 grant · 2023

Camber Foundation

$125K · 1 grant · 2024

The Winston-Salem Foundation

$50K · 1 grant · 2020

Reach Out And Read Inc

$32K · 3 grants · 2018–2023

Details

EIN566017737
NTEE codeE21
Subsection03
Ruling date2010-10
Formed1965
Employees13697
Volunteers1306
WAKEMED — Mission, Financials & Grants Received | Grantivo