Atlas Health and Wayne Memorial Partner to Enhance Community
Access to Critical Health Care
Automated Approach to Philanthropic Reimbursement Results in $1 Million in
Patient Medical Aid in First Year
Jesup, GA – Atlas Health, the leader in medical financial aid for vulnerable populations, today announced that Wayne Memorial Hospital is on track to match its patients with more than $1 million in financial medical aid this year, a year-over-year increase of more than 500 percent. To date, the partnership has enabled the award-winning, rural hospital to reduce the financial burden of critical and lifesaving care for 45 patients and deliver on its mission of providing high-quality care for all patients.
Like many rural communities, 17.5 percent of Wayne County, Georgia residents do not have insurance with many others enrolled in Medicare and high-deductible commercial plans but unable to cover their co-insurance. In response, Wayne Memorial developed a robust charity care program that supports patients in need—but leaves it unreimbursed for care delivered. To maintain financial sustainability, its staff called foundations and other philanthropic programs to identify funds to cover eligible patients’ costs.
“Tapping into the 10,000+ patient financial aid programs that exist is impossible for healthcare staff to manually manage,” said Ethan Davidoff, CEO and founder of Atlas Health. “Wayne Memorial is quickly growing, expanding its life-saving infusion therapy capacity, and recognized that an automated approach to philanthropic reimbursement could help secure more of these resources for their patients. We are honored that they trust us to fill this mission critical need for delivering affordable and accessible care to their local community.”
Atlas Health’s end-to-end financial aid solution can be implemented easily and quickly – with no capital investment, resources or personnel required. The proprietary AI-powered technology and automated approach quickly scales to evaluate all medical financial aid programs and predict the optimal eligible coverage options based on historical EMR data and a registration questionnaire. At Wayne Memorial, the digital, pre-populated applications and patient authorization have contributed to a 75 percent reduction in the time investment needed to submit a clean claim and 50 percent time reduction for philanthropic aid applications.
“Rural hospitals have unique challenges, but we constantly look ahead to raise the bar on what we can do for our community,” said Greg Jones, chief financial officer for Wayne Memorial Hospital. “Expanding access to more affordable care was a priority, and Atlas Health’s total solution has delivered so that we can care for more patients in need.”
To learn more about Atlas Health’s innovative approach to helping providers support access to affordable care, visit https://atlas.health/.
About Atlas Health
Atlas Health, the leader in medical financial aid for vulnerable populations, is improving and saving lives by empowering providers and payors with an end-to-end solution for matching and enrolling patients in medical financial aid programs through its proprietary technology and AI-powered platform, Atlas Navigator. Patients receive the care they need, providers secure reimbursement for care delivered, and payors save money. Find out how no patient is left behind at https://atlas.health/.
About Wayne Memorial Hospital
Wayne Memorial Hospital, whose mission is to provide high quality health care services to all patients, built a state-of-the-art facility in 2007. It is the third largest employer in Wayne County with 500 employees, 84 beds and is a three-time winner of the Georgia Alliance of Community Hospitals Small Hospital of the Year Award.
June 1, 2021
Wayne Memorial Hospital Generates $184,250,438 for Local and State Economy
Jesup – In 2019, Wayne Memorial Hospital in Jesup generated $184,250,438 in revenue for the local and state economy, according to a recently released report by the Georgia Hospital Association, the state’s largest hospital trade association. Wayne Memorial had direct expenditures of more than $80,476,278 in 2019. The total economic impact of those expenditures was $184,250,438 when combined with an economic multiplier developed by the United States Department of Commerce’s Bureau of Economic Analysis. This output multiplier considers the “ripple” effect of direct hospital expenditures on other sectors of the economy, such as medical supplies, durable medical equipment and pharmaceuticals. Economic multipliers are used to model the resulting impact of a change in one industry on the “circular flow” of spending within an economy as a whole.
During the same time period, Wayne Memorial provided approximately $9,005,169 in uncompensated care while sustaining more than 532 full-time jobs throughout Jesup and Georgia. When a US Department of Commerce multiplier is applied to the jobs number, it is revealed that an additional 1,357 jobs are supported across the state due to the economic activity of Wayne Memorial. The hospital spent $28,562,908 in salaries and benefits, resulting in total household earnings in the community of $57,726,904.
“Wayne Memorial is dedicated to providing timely, quality care to our patients and community,” said Hospital CEO Joe Ierardi.”We are open 24 hours a day, seven days a week and treat anyone who comes through our doors. We are proud to partner with Jesup and surrounding cities to offer this care and ensure our communities thrive in terms of wellness as well as economically.”
The hospital is a major component of the area’s economic strength. However, there are factors that impact the hospital’s ability to deliver timely and efficient care. One is Georgia’s high uninsured population, which as 13.4% in 2019 and the 11th highest in the nation. The same year, 38% of all hospitals in Georgia operated with negative margins.
“We are dedicated to ensuring our residents receive state-of-the- art health care services,” Ierardi said. “We provide quality care to every patient, regardless of ability to pay. This environment often puts financial stress on our state’s hospitals.”
Hospitals can cope with negative operating margins in the short term, but hospitals that are unable to realize and maintain positive operating margins will likely face closure sooner or later, which can be detrimental to the health and wellness of their communities.
According to Ierardi, every community needs nearby access to a strong, vibrant health care system that will not only meet the health care needs of its residents, but also attract other industries and businesses to the area.
“Preserving access to health care is extremely important and we are the primary guardian of health in our community,” said Ierardi. “A healthy community depends on the strength of its hospital, both financially and in treating patients.”