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A Spirit of Women partnership with a hospital guarantees a commitment to measuring the results of community outreach, educational campaigns, and women-focused quality initiatives. Return on investment measurement models vary significantly from Spirit member hospital to hospital, but they all share the objective of demonstrating that good health is good business illustrated by revenue returns, increased utilization, and market share growth.
Click here to download a ProForma Financial Statement that was compiled from actual financial data reported to Spirit of Women by our member hospitals. For each line item, the footnote details how the number was calculated and the range of values reported within the network. This has been put together to demonstrate TYPICAL results at a TYPICAL member hospital. In order to be as accurate as possible, we have also accounted for market share and loyalty factors. You can adjust those figures according to what your hospital sees locally.
With over a decade of experience and the power of best practice, the Spirit of Women strategy resonates success in hospitals both large and small. Our members generate almost $7 million in gross revenue annually, on average. However, specific examples of ROI are cited below:
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Allegan General Hospital
(Allegan, Michigan) – Member since 2007, under 100 beds
Realized over $1.8 million in gross charges in just 9 months of Spirit of Women membership.
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Benefis Health System
(Great Falls, Montana) – Member since 2005, 400 beds
Realized over $3.5 million in gross charges in 9 months from Spirit of Women community members resulting in an 86% increase over prior year period
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Genesis HealthCare System
(Zanesville, Ohio) – Member since 2006, 400 beds
Over $1,7 million in gross charges resulting in a net economic impact of over $230,000 generated by Spirit of Women members in 12 months
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Parrish Medical Center
(Titusville, Florida) – Member since 2006, 210 beds
In one year, Spirit of Women consumer members accounted for 2,861 outpatient visits equaling $3,889,326.86 in total charges and 79 inpatient visits equaling $1,572,558.89 in total charges |
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St. Francis Hospital & Health Centers
(Indianapolis, Indiana) – Member since 1999, 231 beds
As a result of reading Spirit Magazine, 30% of members used a new service at St. Francis Hospital and 13% scheduled an appointment with a St. Francis physician |
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St. Joseph Regional Health Center
(Bryan, Texas) – Member since 2006, 299 beds
Attributes over $22 million in gross charges directly to women enrolled in Spirit Programming over 12 months
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Solucient data from unidentified, 500 bed Spirit hospital
across 18 months
Outpatient conversion rates for Spirit of Women members are consistently higher than control groups across service lines (psychiatry being the only exception)
Data mined by Thomson Reuters demonstrates $5.5 million in charges in 12 months with $500,000 in adjusted new revenue
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