welcome
mission hospital
award winning
advanced technology and treatment
responding to community needs
financial stewardship and corporate responsibility
looking to the future
mission childrens hospital
asheville specialty hospital
Blue Ridge Regional Hospital
Mission Healthcare Foundation
Mission Health System Financials

 

pdf print version


Mission Hospital

Financial Stewardship & Corporate Responsibility

As North Carolina's largest employer west of Charlotte, Mission has a responsibility to stay financially strong and act as a good corporate citizen. Despite the challenging economic conditions nationally, Mission delivered a positive financial performance in 2008 and continued to earn praise as an employer and member of the region's business community.

  • Effective cost control - As a result of ongoing cost control and efficiency measures, Mission remains in full compliance with our responsibilities under the state's Certificate of Public Advantage (COPA). Under the COPA, Mission is required to keep its charges and margin on a par with peer hospitals. As a nonprofit hospital, we reinvest our margin into serving the community.
  • Strong bond rating - All three major bond rating agencies - Moody's, Standard & Poor's and Fitch - affirmed Mission's AA bond rating with a stable outlook. Despite the heavy investment losses suffered by all hospitals due to the national recession, Mission's overall financial performance earned the continued confidence of the rating agencies.
  • Promoting a greener, healthier world - Mission continued to implement "green" initiatives to reduce the hospital's ecological footprint through recycling, waste management, energy utilization and purchasing processes. We also made the transition in 2008 from being a smoke-free campus to one with a 100% tobacco-free policy. Mission was recognized as one of North Carolina's first "Red Apple" hospitals for its work providing a healthy food environment.
  • Striving to be a responsible employer - Mission was named North Carolina's 2008 Employer of the Year by Goodwill Industries. Mission Home Help, our employee home-buying assistance program, was recognized by PR News in its annual Corporate Social Responsibility Awards.
  • Catalyst for volunteerism - In 2008, 679 Mission volunteers gave 97,855 hours of service, the equivalent of 47 full-time employees. The value of their service is $1.9 million.

<< previous 5 next >>

 

  


  Mission continued to implement "green" initiatives to reduce the hospital's ecological footprint through recycling, waste management, energy utilization and purchasing processes.