Report to the Community 2016 ANNUAL REPORT

Transcription

1 Report to the Community 2016 ANNUAL REPORT

2 Year in Review Polk Expands Physical Therapy Gymnasium and Activity Space The expansion of the Physical Therapy gymnasium was completed in February The gym renovations will allow more patients to use the space at the same time using a variety of therapy equipment. The expansion also includes private areas for one-on-one auditory and speech therapy as well as space for occupational therapy patients to practice activities of daily living, such as using appliances. The gym project also includes office space for Rehabilitation Services staff. The $246,000 project, which began in September 2016, also includes an expansion of the activities room on the hospital s West Wing, allowing for more classes and activities for patients in Polk s Sub-Acute Rehabilitation program, also known as swing bed. Volunteer Services Recognized for Polk Gift Shop Volunteer Services received the Georgia Society for Volunteer and Retail Professionals Best Practices Award in the category of Fundraising. The award recognizes the success of the Polk Medical Center Auxiliary Volunteer Gift Shop, which, with the support of employees and the community, raised $10,000 in its first year of operation. All money raised by gift shop sales is used to enhance patient care. The award recognizes unique and innovative fundraising programs that have made a significant impact on the hospital or community. Polk Medical Center Launches Live Well Polk! Polk Medical Center launched a three-year patient and community engagement effort, Live Well Polk! in September, The program aims to improve the health of Polk County residents. The program includes partnering with existing businesses and industries as well as introducing challenges to the community that focus on stopping bad habits and starting new, healthy habits. Activities include sponsoring the community booth at the Rockmart Farmer s Market, providing screenings at senior centers in Cedartown and Rockmart and providing disease-specific information to the community. Polk Establishes Patient Family Advisory Committee This council of community leaders, health care consumers and Polk Medical Center staff members, formed in 2016 to promote improved relationships between patients, families and staff. The committee provides an avenue of communication between these varied stakeholders and serves as a venue for patients and families to have input into policy and program development. It also gives patients and families the opportunity to participate in the development of new facilities and programs at Polk Medical Center, while providing Polk staff members an opportunity to listen to their customers. Spiritual Care Team Helps Meet Patients Needs Patient care extends beyond meeting the medical needs of those hospitalized at Polk Medical Center. The hospital s three-member Spiritual Care Team helps to meet the spiritual and emotional needs of patients while they are in the hospital. These volunteers are available every day and visit patients to let them know how they can be reached. In 2016, the Spiritual Care Team recorded 1,147 visits with patients, who say that their support was an important part of their hospital stay. These volunteers provide spiritual and emotional support to patients, oftentimes simply through listening. Polk has 21 volunteers who serve throughout the hospital, including greeting visitors at the front desk and serving in the hospital s gift shop. 2 Report to the Community

3 Community Benefits Summary Polk Medical Center is a 25-bed critical access hospital accredited by The Joint Commission and leased by the Cedartown-Polk Hospital Authority to Polk Medical Center Inc., an affiliate of Floyd Medical Center. Polk Medical Center generates more than $29.1 million in economic activity in the state. Polk has about 100 full and part-time employees. Services Polk Medical Center is a critical access hospital providing the following services to the Polk County and northern Haralson County communities. Breast Health Cardiac Rehabilitation Cardiology Diagnostic Radiology Emergency Room Emergency Medical Services Family Medicine Hospice Outpatient Rehab and Sports Medicine Senior Enrichment Program Indigent Care Polk Medical Center is committed to providing health care services to all individuals regardless of ability to pay. In FY2016, Polk Medical Center provided $3.43 million in unreimbursed care to individuals. The Polk Medical Center pharmacy provided prescription drugs at no or minimal cost to indigent patients being discharged from inpatient care or the emergency room at a cost of $1,846 during FY2016. Sub-acute Rehabilitation Program Surgery Wound Care Urgent Care Community Service Polk Medical Center co-workers and volunteers reached 7,718 Polk County residents through community endeavors at an expense of $16,669 in FY2016: Conducting health fairs Providing school-based education programs to students about automobile safety, bicycle safety, safe play and careers Providing diabetes education Providing heart disease education Providing medical support at sports and community events 2016 Polk Annual Report 3

4 Community Benefits Summary Outreach As a community hospital, Polk is continuously looking for opportunities to reach farther into our community to meet the needs of the full spectrum of individuals who seek medical care in the service area. Members of the Polk team are committed to the community in many ways. In FY2016, Polk co-workers loaned their talents and leadership skills to school, civic and professional organizations. A partial list of the leadership roles Polk employees held during this time includes: Member, Polk County Chamber of Commerce Business Development Committee Member, Polk County Chamber of Commerce Board of Directors Member, Georgia Hospital Association Center for Rural Health Board of Directors Member, Doc Ayers-Ray Beck Foundation Board of Directors Member, Faith and Deeds Community Health Inc., Board of Directors Member-elect, Polk County Board of Commissioners Polk Medical Center FY2016 Health Care Delivery Statistics ER Visits Total PMC Admissions PMC Inpatient Admissions PMC Observation Discharges PMC Patient Days PMC Inpatient Days PMC Observation Patient Days Outpatient Visits* Radiology Procedures PMC Surgeries Total 28, , ,432 15, * Outpatient excludes ED Visits. Outpatient includes: Clinic Visits (Outpatients/PRO Referred), Senior Enrichment Visits, Pumlonary Rehab Visits, Cardiac Rehab Visits, Respiratory ER Treatments 4 Report to the Community

5 Polk Board Member Directory Polk Medical Center is governed by two boards with distinct roles: Cedartown-Polk and Polk Medical Center Inc. Below are the members of those governing boards: Administrators Matt Gorman, Administrator Tifani Kinard, Chief Nursing Officer Medical Staff Officers Catherine Martin MD, President Ken Jones MD, Secretary HAROLD WYATT, JR. Chairman, Polk Medical Center Inc.; Chairman, Cedartown-Polk GEORGE BOSWORTH, M.D. Member, Polk Medical Center Inc. BRUCE CASEY Medical Staff Officers Ellen Boney MD, Anesthesiology Donald Cornutt MD, Anesthesiology Ajay Handa MD, Anesthesiology David Herren MD, Ophthalmology Brian Kinder MD, Anesthesiology Oluwole Longe MD, Anesthesiology Adams Moore MD, Diagnostic Radiology Christopher Paul MD, Anesthesiology LEE CUMMINGS DARROLL FREEMAN RICHARD JEWELL, O.D. Ashley Ryan MD, Anesthesiology Member, Cedartown-Polk Hanna Saade MD, Emergency Medicine Tito Saldana MD, Anesthesiology Patrick Segeleon MD, Anesthesiology John Sherman MD, Anesthesiology Kipp Slicker DO, Cardiology Bradford Wall MD, Orthopedic Surgery Teleradiologists Mark Brinckman MD, Diagnostic Radiology David Costantino MD, Diagnostic Radiology LARRY KUGLAR FRANK SHELLEY KURT STUENKEL Member, Polk Medical Center Inc. Scott Glasser MD, Diagnostic Radiology Christine Kassis MD, Diagnostic Radiology Adam Kowalski MD, Diagnostic Radiology Kier Marshall MD, Diagnostic Radiology Hari Charan Reddy MD, Diagnostic Radiology Matthew Schmitz MD, Diagnostic Radiology Perry Stevens MD, Diagnostic Radiology Clayton Vandergriff MD, Diagnostic Radiology John Wendel MD, Diagnostic Radiology BRAD WARD, M.D. Member, Polk Medical Center Inc Polk Annual Report 5

6 Balance Sheet Assets Current assets: Cash and cash equivalents $14,534,150 $ 2,701,293 Assets limited as to use, current 392,184 - Patient accounts receivable, net of estimated uncollectibles of approximately $14,800,000 in 2016 and $13,300,300 in ,908,303 5,036,428 Supplies 260, ,422 Other current assets 620, ,108 Total current assets 21,715,787 8,381,251 Assets limited as to use: Under indenture agreement held by trustee 392,184 - Less amount required to meet current obligations 392,184 - Noncurrent assets limited as to use - - Property, plant and equipment, net 33,082,014 38,068,266 Unamortized bond issue costs 364,371 - Total assets $55,162,172 $46,449,517 Liabilities and Net Assets Current liabilities: Current portion of long-term debt $ 56,465 $ - Accounts payable 1,005, ,290 Accrued salary 116,822 62,697 Accrued benefits 680, ,463 Other accrued expenses 274,580 - Estimate third-party payor settlements 3,721, ,871 Due to Floyd Healthcare Management Inc. 1,457,176 5,601,627 Total current liabilities 7,313,249 7,654,948 Long-term debt, net of current portion 37,780,792 34,173,156 Total liabilities 45,094,041 41,828,104 Net assets unrestricted 10,068,131 4,621,413 Total liabilities and net assets $55,162,172 $46,449,517 6 Report to the Community

7 Income Statement Unrestricted revenues, gains and other support: Patient service revenue (net of contractual allowances and discounts) $39,787,516 $24,972,298 Provision for bad debts (12,645,020) (7,340,132) Net patient service revenue 27,142,496 17,632,166 Other operating revenue 574,616 - Total revenues, gains and other support 27,717,112 17,632,166 Expenses: Operating expenses 17,935,869 10,230,437 Interest expense 890, ,095 Depreciation and amortization 3,449,527 3,467,488 Total expenses 22,276,017 14,029,020 Operating income 5,441,095 3,603,146 Nonoperating income: Investment income 5,623 32,530 Gain on acquisition of Polk Medical Center - 1,044,237 Total nonoperating income 5,623 1,076,767 Excess of revenues $ 5,446,718 $ 4,679,913 Note: The management of Polk Medical Center changed in November 2014 from the Hospital Authority of Floyd County to Polk Medical Center Inc. To provide an accurate comparison, these financials reflect the activity of both organizations Polk Annual Report 7

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