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CPGH, Inc. Quarterly ReportDecember 31, 2011
Prepared for
The Kenai Peninsula Borough Assembly and Administration
February 28, 2012
Presentation Overview
• Financial Performance
• New/Expanded Services
• Physician Recruitment
• Leadership Changes
• New Board Members
• Other Items
Gross Patient Revenue – FY 2012(in thousands)
$95,660$76,748
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
YTD 12/31/11 PY 12/31/10
24.6% increase
Net Patient Revenue – FY 2012(in thousands)
$59,346 $52,417
0
20,000
40,000
60,000
80,000
100,000
120,000
YTD 12/31/11 PY 12/31/10
13.2% increase
Lease and Operating Agreement – 6th Whereas
• The parties agree that CPGH, Inc. shall endeavor to operate the Medical Facilities on a self-supporting basis;
Net Income – FY 2012(in thousands)
$4,443$4,081
3,000
4,000
5,000
YTD 12/31/11 PY 12/31/10
8.8% Increase
Charity Care & Bad DebtFY – 2012
(in thousands)
3,430 2,770
3,8723,348
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
YTD 12/31/11 PY 12/31/10
Charity Bad Debt
19.3% increase
Community Benefit
Charity Care & Bad DebtFY - 2012
• $7.3 Million uncompensated care provided to community members
• Financial Assistance Program Brochure available at the following website
• http://www.cpgh.org/workfiles/CPH%20FinancialAssistBrochure-12-10lr.pdf
Cash & CDsFY – 2012
(in thousands)
$27,218
$25,282
$15,000
$17,000
$19,000
$21,000
$23,000
$25,000
$27,000
$29,000
Dec-11 Dec-10
7.6% increase
Transfers to Plant Replacement& Expansion Fund*
• PREF Account Balance at 12/31/11: $9,497,666
• Days Operating Cash on Hand at 12/31/11 – 92.405 days
• Transfer to Plant replacement pending: $627,999
• Balance after transfer – $10,125,665
*reinvest for facility maintenance, purchase of replacement equipment and development of new services
Lease & Operating Agreement – Section 21(b)
• Any change in the level or type of services provided shall be included in the next quarterly report regardless of the cost
– Spine Program update:• 93 Procedures Jul 2011 – Dec 2011
Heather Schramm, MD, PhD PEDIATRICS
Arrives August 1, 2012
CURRENT POSITIONS
•Pediatric Hospitalist
•Clinical Assistant Professor
EDUCATION
•Vanderbilt Children’s Hospital pediatric residency program
•University of California at Davis, combined M. D. / Ph. D. program
Quality / Patient Satisfaction
• CPH Mission: We are a community-initiated and community-nurtured organization dedicated to promoting wellness and providing high quality health care that ensures the confidence and loyalty of our customers.
Patient SatisfactionQuality / Patient Safety
Senior Leadership Changes
• Rick Davis– Chief Executive Officer – 12/15/12– Chief Operating Officer 8/01/11 – 11/01/11– Alaska Regional Hospital – 1996 – July 2011
• Matt Dammeyer, Ph.D.– Chief Operating Officer – 2/13/12– Working at CPH as a Psychologist in the Behavioral
Health Department since June 11 – Assistant Administrator 4/01/08 – 6/30/11
New CPGH, Inc. BoardMembers
Other Items
• 2012 Strategic Plan
• 990 to be filed on Mar. 1, 2012
• Coker Group
• Rural Health Care Leadership Conference
