WakeMed Named Top Health System for Fair Share Spending

RALEIGH, N.C. (April 4, 2024) – The Lown Institute, a healthcare think tank, recently released its 2024 Fair Share Spending report. This fourth annual report is an independent analysis of nonprofit hospitals' community investments, and highlights hospitals that go above and beyond in giving back to their communities.

The WakeMed health system was recognized as a top system for Fair Share Spending— a measure of how much a hospital gives back to its community. This is notable, as the majority of hospitals in Lown's report did not meet their obligations as nonprofits. All three WakeMed hospitals are among only 20% of hospitals nationwide to meet – or exceed – their obligation for community investment. Data from WakeMed Raleigh Campus and WakeMed North Hospital, which operates under the Raleigh Campus license, were combined for this performance ranking.

The Lown Institute’s 2024-25 fair share spending analysis of 2,425 nonprofit hospitals found that only 20% had a fair share surplus, meaning that a hospital’s spending on its community exceeded the value of its tax exemption. All hospitals and systems that had a fair share surplus are considered Top Hospitals/Systems by the Lown Institute.

For more information on the Lown Institute’s 2024-25 fair share analysis, visit https://lownhospitalsindex.org/hospital-fair-share-spending-2024/.

About WakeMed Health & Hospitals

Serving the community since 1961, WakeMed is a not-for-profit health care system founded and based in Raleigh, N.C. WakeMed exists to improve the health and well-being of our community by providing outstanding and compassionate care to all. WakeMed’s 970-bed system comprises a network of facilities throughout the Triangle area, including three full-service hospitals, eight emergency departments, a dedicated Children’s Hospital and Rehabilitation Hospital, more than 165 practice offices and Wake County’s only Level I Trauma Center. WakeMed’s mission-driven team includes more than 11,000 employees, 1,200 volunteers and 1,300 affiliated physicians, along with the more than 838 physicians and advanced practice providers with WakeMed Physician Practices—all representing the best minds and the biggest hearts and the finest quality in health care and community health. For more information, visit www.wakemed.org or follow WakeMed on Facebook, Twitter, Instagramand LinkedIn.

###