The North Ottawa Community Health System's investments include salaries going to residents that work at the Grand Haven hospital and the system's other health care affiliates, such as Heartwood Lodge and Hospice of North Ottawa Community.
Factoring in the $4 million the health system wrote off from the federal government's shortfall in Medicare payments and $773,887 shortfall from the state for Medicaid, CEO Shelleye Yaklin said the system's community investment during its last fiscal year totaled about $8 million.
The Grand Haven-based health system's net "profit" for the 2012 fiscal year was $114,000. The hospital alone came out ahead at $1.44 million.
Yaklin said it’s the community who pays for services, and they want to reinvest and offer the things residents want and need.
“It’s part of being a good community steward,” she said.
Diabetes education, first aid courses and prenatal classes are some of the ways the hospital has invested more than $168,000 in community education, officials from the health system said. They have also reached out to sponsor local activities by spending more than $42,000 for events such as the Coast Guard Festival Senior Day and health-related events in schools.
The hospital has also increased its number of staff physicians from two in 2004 to 18 in this past year.
While large for-profit companies give shareholders dividends, the private nonprofit North Ottawa Community Health System invests in area residents because they view the community as their shareholders, said Judy Hooyenga, vice chairwoman of the system’s Board of Trustees.
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