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CPGH, Inc. Quarterly Report Overview - December 31, 2011

This quarterly report prepared for the Kenai Peninsula Borough Assembly details CPGH, Inc.'s financial performance for FY 2012, highlighting a 24.6% increase in gross patient revenue and an 8.8% rise in net income. Key updates include the introduction of new and expanded services, efforts in physician recruitment, leadership changes, and insights into the community benefits provided, including significant charity care. The report emphasizes the organization's commitment to self-sufficiency and maintaining high standards in patient care and satisfaction.

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CPGH, Inc. Quarterly Report Overview - December 31, 2011

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  1. CPGH, Inc. Quarterly ReportDecember 31, 2011Prepared forThe Kenai Peninsula Borough Assembly and AdministrationFebruary 28, 2012

  2. Presentation Overview • Financial Performance • New/Expanded Services • Physician Recruitment • Leadership Changes • New Board Members • Other Items

  3. Gross Patient Revenue – FY 2012(in thousands) 24.6% increase

  4. Net Patient Revenue – FY 2012(in thousands) 13.2% increase

  5. Lease and Operating Agreement – 6th Whereas • The parties agree that CPGH, Inc. shall endeavor to operate the Medical Facilities on a self-supporting basis;

  6. Net Income – FY 2012(in thousands) 8.8% Increase

  7. Charity Care & Bad DebtFY – 2012(in thousands) 19.3% increase Community Benefit

  8. 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

  9. Cash & CDsFY – 2012(in thousands) 7.6% increase

  10. 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

  11. 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

  12. Heather Schramm, MD, PhD PEDIATRICSArrives 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

  13. 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 Satisfaction Quality / Patient Safety

  14. 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

  15. New CPGH, Inc. BoardMembers Irv Carlisle Pete Sprague Craig Humphreys, MD

  16. Other Items • 2012 Strategic Plan • 990 to be filed on Mar. 1, 2012 • Coker Group • Rural Health Care Leadership Conference

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