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2017 FISCAL YEAR ANNUAL REPORT

2008

2009

2010

2011

2012

2013

2014

2015

2008

2009

2012

2013

Expanded enrollment

Expanded eligibility

Added the Over the

Served 9,917 patients

guidelines to include

to serve NC residents

Counter (OTC) Program

in our Free Pharmacy

any low-income and

statewide

uninsured individual in Mecklenburg County

Program

2016

2017

JUNE 2017 Served 15,565 patients with free prescription medication and 21,819 OTC participants with medicine cabinet items


A Message from the Board Chair FISCAL YE AR 2017: CELEBR ATING 20 YE ARS

Fiscal Year 2017 was a tremendous year for NC MedAssist, our 20th year of providing medications free-of-charge to low-income, uninsured residents in North Carolina. The Free Pharmacy Program provided over $48.5 million in prescription medications to 15,565 individual patients, while the Over the Counter Medicine Program, with the help of 4,319 volunteers, provided $5.4 million in OTCs to 21,819 individuals – all representing record program levels for NC MedAssist. These efforts were made possible by the generous support of our donors, grantor agencies, and the dedication of our wonderful NC MedAssist staff and volunteers. NC MedAssist raised over $822,000; an organizational record which was made possible by approximately 1,900 donors. It is so rewarding to receive backing from individuals, like you, who are invested in a very efficient organization that is able to produce improved health outcomes. As the only statewide not-for-profit pharmacy, NC MedAssist operates at the intersection where great value meets great need, providing approximately $17 in free medications for every $1 of revenue received (an ROI of 1,700%), thereby empowering our low-income, uninsured patients to live their best lives, improving population health, and playing a vital role in economic mobility. Yet, with approximately 500,000 people still uninsured in North Carolina and no structural changes on the horizon, there is great opportunity for NC MedAssist to do even more! Imagine a North Carolina where there are no citizens with uncontrolled diabetes, untreated asthma, or high cholesterol due to lack of access to medications; and a North Carolina where our neighbors are free from fear of not knowing whether they can afford their medications. Therefore, the opportunity to act is now. With your continued support, and through

collaboration with our over 100 Partner Agencies across the state, NC MedAssist

$1 = $17

Donated Lifesaving Prescription Medication

will continue to deliver on its mission of providing life-saving and life-enabling medications free-of-charge to our fellow citizens in need. On behalf of our patients, our Board and our staff, I thank you for your continued support and your time, talent, and treasures. .

Mory Lowe FY16-17 Board Chair


NC MEDASSIST F Y 2017: BY THE NUMBERS

NC MEDASSIST FINANCIALS 2017

RE V ENUE

134,827

AC T UA L BUDGE T

Contributions & Cash

$822,433

Grants

$786,650

TOTA L RE V ENUE

$53,896,701

$57,209,512 $50,297,410

AC T UA L BUDGE T

Benefits & Salaries

$1,765,596

$1,802,154

Program Costs

$814,688

$760,414

Purchased Drugs

$577,247

$421,896

$53,896,701

$47,217,260

$57,054,232

$50,201,724

Value of Donated Meds Dispensed

AC T UA L

BUDGE T

Total Revenue

$57,209,512

$50,297,410

Total Expenses

$57,054,232

$50,201,724

$155,280

$96,686

TOTA L NE T INCOME

Up 7.3% since 2016

$47,217,260

E X PENSES

NE T INCOME

(90-Day)

$2,490,378 $2,293,500

Non-Cash Income (Value of Meds Donated)

TOTA L E XPENSES

Prescriptions Filled

15,565

Free Pharmacy Patients Served (Unduplicated)

Up 9.4% since 2016

21,819

People Served (Mobile Free Pharmacy)

Up 101.5% since 2016

4,319 Volunteers (OTC)

Up 89.8% since 2016

603

Seniors Served Up 26.7% since 2016

$55,000,000

Avoided in Health Care Costs NC MedAssist helps reduce unnecessary ER visits and hospitalizations, which saves North Carolina an estimated $55 million annually in health care costs.


A Message from the CEO CELEBR ATING 20 YE ARS OF GROW TH

In 1997, MedAssist of Mecklenburg was formed to serve seniors in Mecklenburg County. Started by a grant from then Presbyterian Hospital and Mecklenburg Medical Alliance and Endowment, MedAssist opened its doors to low-income senior adults who could not afford their medications. At that time, Medicare helped seniors pay for hospital care and some doctor visits, but seniors had to pay for prescriptions out of pocket. For low-income senior adults, often this was a life-threatening situation. As we celebrate 20 years of serving the low-income and uninsured, I reflect back on how far we have come as an organization. Our reach and awareness continues to grow, as we now work with over 100 Partner Agencies across North Carolina to ensure uninsured people get the medications they need. In eight short years, since the statewide expansion provided by the Attorney General’s Office, we have grown from working with only one county (Mecklenburg County), to working with all 100 counties in North Carolina. Since 2009, we have provided prescription medications to over 70,000 people. However, as we celebrate this wonderful milestone, our organization understands that there are still people in North Carolina that are falling through the cracks. Through the Mobile Free Pharmacy, we are taking hundreds of boxes of over-thecounter medication into poor neighborhoods across NC. Recently in Guilford County during one of our giveaway days, we identified 89 uninsured people who needed a medical home. By working with our medical partners who were in attendance, these 89 very sick individuals were placed in medical homes. Our patients deal with some severe, but treatable health conditions every day. From diabetes to asthma to mental health, we work hard to educate the community on the serious need for resources like NC MedAssist’s Free Pharmacy Program. 84% of patients we serve are below 100% of the Federal Poverty Level. For an individual adult, that means they make less than $12,000 annually; often referred to as the working poor. It is a privilege to be part of this work. I also celebrate my tenth year as the CEO of NC MedAssist. I know that none of this work would be possible without you. Thank you from the bottom of my heart for your support of our patients. With the community’s help, NC MedAssist can continue to reach the poorest of the poor in North Carolina and find them the health resources they so desperately need. Gratefully,

Lori Giang CEO


OUR IMPACT ON HE ALTH Because of NC MedAssist, patients reported:

NC MEDASSIST GROW TH CHART Value of Prescription and OTC Medications Dispenses vs. Program Expenses

90%

60M

Patients

40M

Compliant with their prescribed medications

20M

77%

0 FY2011

FY2012

FY2013

FY2014

Program Expenses

OTC Value

FY2015

FY2016

FY2017

Patients

RX Dispensed Value

Health is better now than a year ago

NC MEDASSIST GR ANT / FUNDR AISING TREND $3,500,000 $3,312,811

$2,814,328

$2,787,632

$2,500,000 $2,000,000

76% Patients

$3,000,000 $2,462,261

$2,479,349

Didn’t need overnight

$1,942,651

hospital stay

$1,646,991

(for medication they take regularly)

$1,500,000 $1,000,000 $500,000

42%

0 FY2011

FY2012

FY2013

Grants

FY2014

FY2015

FY2016

FY2017

Patients

Fundraising

Now able to buy groceries


Thank You EXECUTIVE COMMITTEE

A special thank you and recogintion to our top individual donors and organizations.

Mory Lowe CHAIR

Deloitte & Touche LLP Audit Senior Manager

Dr. Deb Miller

Club Med: Individuals $5,000+

IMMEDIATE PAST CHAIR

Mr. Jack Brooks, Jr.

Mrs. Marilyn L. Gilliam

Elizabeth Family Medicine

Mr. Jesse Cureton

Drs. Jerry and Kathryn Greenhoot

Pharmacist, Part-time

Mr. Stephen Landers

Mr. James Grossman

Sid Bernstein

Drs. David and Debbie Miller

Mr. and Mrs. Timothy Gunderman

VICE CHAIR

Dr. and Mrs. A.J. Patefield

Mr. Mark Hayes

Novartis Pharmaceuticals Corp

Mr. Bryan Taylor

Dr. and Mrs. Lane Jacobs

Retired Executive

Ellisa Moore SECRETARY

McGuireWoods, LLP

Dr. LaQuoia Y. Johnson

Club Life: Individuals $2,500-4,999

Dr. and Mrs. Donald Joyce Mr. and Mrs. Shawn Kalgren Dr. Martin J. Kreshon, Sr.

Attorney

Mr. and Mrs. Sid Bernstein

Mr. and Mrs. Matt Kushner

Geoff Gardner

Mr. and Mrs. Antonio I. Lopez-Ibanez, Sr.

Drs. Ginette Lapierre and Murray Turner

Mr. and Mrs. Rock J. Miralia

Mr. and Mrs. Hans L. Lengers

Mr. and Mrs. Tony Smith

Mr. and Mrs. Mory Lowe

Mr. John A. Stoker

Dr. Darlyne Menscer

Mr. Shane Tenny

Mrs. Sheila Mirchandani

TREASURER & CHAIR FINANCE COMMITTEE

Novant Health Senior VP, Operational Finance

Dr. AJ Patefield CHAIR DEVELOPMENT COMMITTEE

Mr. and Mrs. Michael Modak

Novant Health Sr. VP & Chief Medical Information Officer

Dr. John Benedum CHAIR PHARMACY COMMITTEE

Mr. and Mrs. Matthew Moore

Club Hope Individuals

Ms. Leigh Ann Myers

$1,000-$2,499

Ms. Kelly Panzl

Perspective Health & Wellness

Mr. and Mrs. Wael Alijishi, M.D.

Physician

Dr. Lorri and Mr. Mark Ayers

Karen Power CHAIR HUMAN RESOURCES

Novant Health VP Human Resources

Dr. and Mrs. John Benedum Mr. Seth M. Bernanke and Ms. Ellen R. Goldberg Ms. Tanya Blackmon Dr. Jean Boggs Dr. Allison Burfield Mr. Kenneth L. Burgess Mr. and Mrs. Otis A. Crowder Ms. Carolyn Culicerto Dr. and Mrs. John Davenport

OUR MISSION NC MedAssist is a nonprofit pharmacy program providing access to lifesaving prescription medications, patient support, advocacy and related services to poor, vulnerable, and uninsured North Carolina residents.

Mr. Donald Easterling Dr. Heather Eaton-Erskine Mrs. Linda Farthing Dr. Michael H. Finlon Mr. and Mrs. John Gannon Mr. and Mrs. Geoff K. Gardner Mr. and Mrs. Jay Gerhart Mr. and Mrs. Mike Giang

Mr. S.H. Paris Mr. and Mrs. Nick Peterfy Mr. John Phipps Mrs. Karen Power Ms. Carol Prentiss Dr. Wanda Robinson and Mr. Randy Robinson Dr. Sarah Rodela and Mr. Jason Rodela Ms. Marian Saffer Mr. Terry Shook Mr. and Mrs. John Siphers Dr. Cedric A. Terrell Ms. Ruthine Tidwell Dr. and Mrs. Paul Vadnais Ms. Brenda Vass Mr. Chris Vogel Mrs. Corinne Weber Mr. and Mrs. Robert Yavorski Dr. and Mrs. Thomas Zweng


BOARD MEMBERS Michael Bolewitz Hospice & Palliative Care Charlotte Region

Organizations

VP & COO

$5,000+

Dr. Allison Burfield

Alliance Behavioral Healthcare

Lake Toxaway Charities

Arrow Systems Integration Connection

Mecklenburg Medical Alliance Endowment, Inc.

Avaya

UNC Charlotte College of Health & Human Services Assistant Professor, School of Nursing

George W. and Ruth R. Baxter Foundation

Merancas Foundation, Inc.

Becton Dickinson

Myers Park United Methodist Church

Blue Cross & Blue Shield of North Carolina

North Carolina Association of Free Clinics

Boehringer Ingelheim USA Corporation

NC Office of Rural Health

Cardinal Innovations

North Carolina State Grange

Carolina Complete Health

Novant Health Foundation

Kari Kalgren

Carolinas Healthcare System

Old North State Medical Foundation

Crescendo Bioscience

Carolinas Healthcare System Physicians and ACPs

Pfizer

Manager, Strategic Accounts

CDW Healthcare

Kate B. Reynolds Charitable Trust

Matt Kushner

Charlotte Community Health

Sisters of Mercy of North Carolina Foundation

Sirius Computer Solutions

Coca-Cola Consolidated Bottling Co.

St. Gabriel Catholic Church

Community Care Clinic of Dare

St. Peter’s Hospital Foundation

Community Clinic of High Point

Swain County

Community Free Clinic

The Foundation for a Healthy High Point

Dell Deloitte Duke Endowment Duke Raleigh Hospital Edge Solutions/Hitachi Enterprise Systems Epic Everage Law Firm, PLLC Greer & Walker LLP Helping Hand Clinic, Inc. Hewlett Packard Enterprise High Point Seventh Day Adventist Church

Myers Park Baptist Church

Ron Cromartie Innovative Healthcare Consulting Founder and Principal Consultant

Lori Culicerto Walgreens Staff Pharmacist

Healthcare Client Executive

Erika Peterfy Carolinas Healthcare System Pharmacist, CHS Care Management

Liana Prinsloo

The Ginter Foundation c/o Foundation for the Carolinas

Deloitte & Touche LLP

The Outer Banks Hospital

Chris Schiller

Triangle North Healthcare Foundation UNC Rex Healthcare United Way of Greater Greensboro Vidant Duplin Hospital Vidant Health Foundation Voalte Wake Med Health Wells Fargo Philanthropy Fund

Audit Manager

EMC Corporate Charlotte Enterprise Healthcare Executive

Alexander Stokas Compass Group, North America Assistant General Counsel

Jennifer Watkins Sirius Computer Solutions Healthcare Client Executive

Corinne Weber Carolinas Healthcare System Director II, Strategic Research & Insights

Giving levels are based on annual gifts received between July 1, 2015 to June 30, 2016.


Non-Profit US Postage

PAID

Permit No. 2947 Charlotte, NC

4428 Taggart Creek Road Suite 101 Charlotte, NC 28208 (704) 536-1790 www.medassist.org

1997

1998

1999

2000

2001

2002

MAY 1997

1999

2001

NC MedAssist opened

Implemented the

NC MedAssist

to serve seniors.

Patient Assistance

relocated to

Program

Central Avenue

MedAssist issued vouchers to 22 clients who took them to local pharmacies, who then billed us. An amount of $2,000 was allotted for monthly dispensing to qualified recipients. MedAssist had one paid pharmacist and volunteers who would come in at night to fill prescriptions.

2003

2004

2005

2005

2006

2007

Seniors

NC MedAssist

transitioned to

10th Anniversary:

Medicare Part D

New CEO, Lori Giang, and Board Chair, Don Sanders, celebrate

2007

2017 NC MedAssist Annual Report  

NC MedAssist is a non-profit free pharmacy program that provides lifesaving medication to vulnerable and uninsured North Carolina residents.