2010 floyd annual report
DESCRIPTION
this contains accomplishments and an overview of the year for 2101 for Floyd Medical Center. It explains major changes in technologyTRANSCRIPT
Our mission is to be responsive
to the communities we serve
with a comprehens ive and
techno log i ca l l y advanced
health care system committed
to the delivery of care that is
characterized by continually
improving quality, accessibility,
affordabi l i ty and personal
dignity. 2010 Annual Report.
1
For the coworkers at Floyd, 2010 will be remembered as the year that we completed phase
2 of our transition from a paper patient record to an electronic medical record. I hope
that much of this work was viewed by patients and the public as behind-the-scenes and
uneventful, but in reality it is a very important event. With this initiative comes the ability
to improve quality of care, efficiency and patient satisfaction, and it is the result of years
of research, planning, training and implementation. The benefits of an Electronic Medical
Record (EMR) are numerous: increased levels of patient safety, reduction of medical errors,
simultaneous access by multiple care providers to the patients chart, and legibility of the
patient’s chart, to name a few. In 2011, we will begin implementation of Computerized
Physician Order Entry (CPOE) to further leverage and drive the benefits of an EMR.
Although the transition to digital records is a big achievement in 2010, it is not the sole
accomplishment of the year. Our efforts to continually improve in every facet of our
balanced scorecard, our value compass, with its objectives of high achievement in Quality,
Satisfaction, Strategy, Finance and People, produced a first-ever VHA Georgia President’s
Award for earning leadership recognition in every available award category. In addition,
Floyd received Gold Plus recognition from the American Stroke Association. We earned a
Healthcare Management Council Top Quality Award and we ranked as the top hospital and
employer in the nation for job satisfaction in our most recent H.R. Solutions survey. We also
earned President’s Level status on the Georgia Hospital Association’s Quality Honor Roll.
The years ahead will be very challenging s we face the dramatic changes that health reform
are bringing us. I am confident that our team of nearly 2,400 men and women who work
at Floyd along with our board members, physicians on our medical staff, volunteers and
community supporters are up to the challenge. We appreciate everyone who plays a role in
helping to deliver the health care and service to pursue meeting our mission.
Sincerely,
Message from President & CEO
2O1OMission
Leadership
FloydHealthcareManagement Inc.
J. Roger SumnerChairman
George A. Bosworth, M.D.
J. Sam Freeman
Garry Fricks
Carl. J. Herring, M.D.
Wesley F. Johnson
Timothy I. Mahanay
Mark W. Manis
John W. Mayes
Jerry F. Norman
William V. Wigley
C. Wade MonkGeneral Counsel
Kurt StuenkelSecretary
President and
Chief Executive Officer
FloydHealthcareResources Inc.
Mark W. ManisChairman
Billy D. Burk, M.D.
Samuel T. Burrell Sr.
Kay Chumbler*
Katie M. Dempsey
David W. Johnson
J. Roger Sumner
C. Wade MonkGeneral Counsel
Kurt StuenkelSecretary
President and
Chief Executive Officer
* New Member in 2010
Hospital Authority of Floyd County
Jerry F. NormanChairman
Billy D. Burk, M.D.
Samuel T. Burrell Sr.
Albert Q. Hales
David W. Johnson
Timothy I. Mahanay
John W. Mayes
C. Wade MonkGeneral Counsel
Kurt StuenkelSecretary
President and
Chief Executive Officer
FloydExecutiveTeam
Kurt StuenkelPresident and
Chief Executive Officer
Dee Russell, M.D.Executive Vice President
and Chief of Medical Affairs
Sonny RigasSenior Vice President and
Chief Operating Officer
Rick SheerinVice President and
Chief Financial Officer
Shea BennettVice President and
Chief Nursing Officer
Alison LandVice President
Mary MaireVice President and
Corporate Compliance
Officer
C. Wade MonkGeneral Counsel
Greg PolleyVice President
Dan SweitzerVice President of
Market Development
Leadership
2010 Annual Report
The Floyd health care system, which includes Floyd Medical Center, Floyd Behavioral Health
Center, Floyd Primary Care practices, Floyd Urgent Care Centers, Floyd Outpatient Surgery
Center, Floyd Physical Therapy and Rehab, Heyman HospiceCare and a host of ancillary
services, is a vital contributor to Rome, Floyd County and the entire Coosa Valley region. In
addition to health care services in over 40 specialties, Floyd serves as an economic force and
civic leader in the region.
FocusedContinuum
Comprehensive Care
Floyd provides a complete continuum of medical care to serve the health care needs of
individuals in northwest Georgia and northeast Alabama through Primary Care physician
offices, Urgent Care Centers, diagnostic services, hospice, behavioral health, hospital and
ancillary services.
At the hub is Floyd Medical Center, a 304 bed, full-service acute care hospital and regional
referral center that includes a Primary Stroke Center and Joint Replacement Program that
have received the Joint Commission Gold Seal of Approval®, a Bariatric Surgery Center of
Excellence, a Breast Imaging Center of Excellence, a state-designated level II Trauma Center,
a level II Neonatal Intensive Care Unit, as well as specialty centers for Pediatrics, Wound Care
and Hyperbarics. Floyd is uniquely positioned to provide the full circle of care from prenatal
care to grief support, and includes the following medical specialties:
Alcohol and Chemical Dependency Services
Bariatrics
Behavioral Health
Diabetes Care
Diagnostic Radiology
ICAEL-accredited Echocardiography
Emergency Care
Family Medicine
Family Medicine Residency Program
Gynecology
Hospice
Hospitalist
Intensive Care
Interventional Cardiology
IV Therapy
Laboratory Services
Level II Neonatal Intensive Care Unit
Level II Trauma Care
Maternity Services
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Neurology
Neuropsychology
Neurosurgery
Neonatal care, intermediate and intensive
Occupational Medicine
Oncology
Orthopedics
Pediatrics
Pediatric Intermediate Care
Pharmacy, Inpatient and Outpatient
Radiology
CARF-accredited inpatient Rehabilitation Services
Outpatient Rehabilitation Services
Sleep Disorders
Surgical Services
Urgent Care
Vascular Diagnostics and Surgery
Wound Care and Hyperbarics
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•Interventional cardiology, or angioplasty, is an important and frequently used intervention for patients with heart
disease. The introduction of this service in September 2009 was the next logical step in growing Floyd’s cardiology
service line, which also includes cardiac catheterization, echocardiography, electrocardiography, a dedicated coronary
intensive care unit and a specialized coronary care specialty nursing unit. Cardiologists at Harbin Clinic worked closely
with our team to prepare for this new service, and now perform the interventional studies and therapies at Floyd.
Our cardiology staff has received additional training to provide these interventional cardiology services.
Health Care Delivery Statistics
Primary Care Visits - 214,943
Heyman Hospice Patient Days - 31,427
ER Visits - 70,509
Outpatient Visits - 220,537
Inpatient Surgery Cases - 6,869
Outpatient Surgery Cases - 4,331
Radiology Procedures - 104,567
Family Practice Visits - 17,629
Laboratory Billable Tests - 784,572
Births - 2,404
Total Surgery Cases - 11,200
Total Floyd Medical Center Patient Days - 63,044
Urgent Care Visits -84,353
Primary Care, excluding Urgent Care - 131,198
Behavioral Health Admissions - 1,960
Floyd Medical Center and Behavioral Health Admissions - 13,812
Floyd Medical Center and Behavioral Health Patient Days - 66,472
Cardiac Cath Lab Cases -1,022
Bariatric Surgery Cases -143
Surgical Procedures - 17,730
Technology
EMRGrowing
Providing
4 5
Long before federal government mandated health
care providers to incorporate technology into the
patient record, Floyd determined to move from a
paper-based system to an electronic record. This will
ultimately result in a safer patient experience and the
ability to share patient information with other health
care providers for a true continuum of care.
Advanced Technology Expanding Care
In October 2010, Floyd completed the second phase of our transition from a paper-based
patient record to a digital patient record bringing a cultural and practical shift in the way
we document patient care. This change resulted in improved patient safety through the
use of digital identification, an immediate electronic medication administration record
and medical history as well as built-in alerts. All of this capability and information is
immediately available at the patient bedside through
the use of portable workstations available to every
clinician. This technology initiative brought the
integration of the electronic medical record
(EMR) for patient care throughout the hospital
environment and will expand in 2011 to include
physician order entry.
In response to the growing need for services in booming Bartow County, Floyd opened
a new Urgent Care center and Primary Care office in Cartersville in FY 2010. Staffed by
Mark Wigley, M.D., and R. David Simons, D.O., Urgent Care in Cartersville is open from
8 a.m. until 8 p.m. Monday through Thursday, from 8 a.m. until 6 p.m. on Fridays and
from 9 a.m. until 5 p.m. on Saturdays.
The newly built, 12,263-square-foot facility replaces a much smaller space on the same site
and also houses the Primary Care office of Dr. Hope McDaniel-Desarmes as well as digital
x-ray capability.
Floyd also operates Urgent Care centers in Calhoun, Cedartown, Rockmart, Summerville
and Rome, and 20 additional Primary Care offices in Adairsville, Armuchee, Cedartown,
Centre (Alabama), Rockmart, Rome, Shannon, Summerville and Taylorsville.
In addition to this new construction, work is progressing on a new facility for Floyd Primary
Care and Center for Diabetes in Taylorsville. When completed, the 12,000-square-foot
building will be the new location for Brad Ward, M.D., Ann Ward, M.D., and their staffs,
including nurse practitioners Sarah Barber and Dona Childers. It will feature 20 examination
rooms and x-ray capability.
High StandardsAward Winning
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Imaging Center of Excellence, Quality Participant
Since opening in 2008, The Breast Center at Floyd has continued to distinguish itself as
a quality program. In 2010, the center received designation as a Breast Imaging Center
of Excellence by the American College of Radiology and the National Quality Measures
for Breast Centers Program has accepted the Center as a participant in its program.
Breast Imaging Centers of Excellence are fully accredited in mammography, stereotactic
breast biopsy, breast ultrasound and ultrasound-guided breast biopsy and have
demonstrated high practice standards in image quality, personnel qualifications, facility
equipment, quality control procedures and quality insurance programs.
Participation in the National Quality Measures for Breast Centers Program is the first step
toward being named a Certified Quality Breast Center of Excellence. The program develops
national quality benchmarks for breast care. It also recognizes centers that share the
quality commitment of the National Consortium of Breast Centers, which is to provide the
patient with accurate evaluation and appropriate services with compassion in a technically
competent and timely manner, with good communication and shared decision making
in a culturally sensitive fashion.
Stroke Gold Plus Quality Award
In FY 2010, Floyd received the American Heart Association/American Stroke Association’s Get
With The Guidelines® Stroke Silver Plus Quality Award. The award recognizes commitment
and success in implementing a higher standard of stroke care by ensuring 85 percent or
more of our patients have received treatment according to nationally accepted standards
and recommendations for 24 consecutive months. In addition, honorees have demonstrated
long-term compliance in specific areas: aggressive use of medications, smoking cessation,
stroke education and rehabilitation therapy evaluation.
Quality Care
Floyd’s efforts to improve quality earned a Top Quality Award from the Healthcare
Management Council, Inc. (HMC) for Most Improvement Quality scores. Our efforts
to improve quality go hand-in-hand with our compassion and medical expertise
in providing the best possible experience and the best possible outcomes for our
patients.
Floyd is an award
winning health care
provider, and our
comprehensive health
care services have
earned Floyd regional,
state and national
accolades:
American Stroke
Association Silver Plus
Performance Award
Four 2010 VHA
Leadership Awards for
Community Benefits,
Clinical Excellence,
Operational Excellence
and Supply Chain
Management
Healthcare
Management Council
Top Quality Award,
Most Improvement
Top employer for Job
Satisfaction among
Health Care Workers
in the nation. (H.R.
Solutions Inc.)
President’s Level,
Georgia Hospital
Association’s Quality
Honor Roll
InvolvedTime
8 9
Community Service
Staff members and volunteers spent 3,168
hours sharing their talents with 34,589
patients and family members through
Floyd’s Arts in Medicine program.
190 individuals learned about pregnancy,
labor, delivery and newborn care through
Floyd Medical Center’s childbirth classes at
a cost to the organization of $2,799.
2,303 area students learned about careers
in health care from Floyd employees who
took time out of their day to speak to classes.
5,678 students learned about automobile
safety and safe play from Buckle Bear; Floyd,
the Little Green Ambulance; Emergency
Care Center, Public Relations and EMS
personnel at a cost of more than $10,623.
More than 3,000 individuals received
information and services at Floyd health
fairs and screenings where employees
spent 172 hours discussing health
issues and concerns with attendees.
Staff members spent 61 hours teaching
cardiopulmonary resuscitation to 158
people in our community.
Floyd donated more than $20,000 in life-
saving and health-improving equipment to
our community, including the donation of
several automated external defibrillators
to provide first-responder assistance to
heart attack victims in public places.
Floyd employees donated 1,555 hours of
their time to help raise funds, assist on
the sidelines or provide other support for
community-wide charitable endeavors and
reached 65,000 people in the process.
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Individually and corporately, Floyd continues to be
actively involved in the communities where we have a
presence, lending leadership, time and other valuable
resources to improve the quality of life for families in
northwest Georgia and northeast Alabama.
In FY 2010, the organization’s outreach into the
community, touched more than 338,000 people
through educational programs and screenings,
physical examinations for athletes, childbirth classes,
support groups and publications. Floyd co-workers and
volunteers contributed 161,526 hours to community
endeavors at an expense of $1,198,401.
www.floyd.org, Floyd’s website, was a resource
with 204,111 yearly visitors, or 563 visitors
to the site a day, at a cost of $25,926.
Floyd physicians donated over 89 hours of
their time to perform physical examinations
for 2,640 middle school, high school and
college athletes.
Our organization’s public health education
efforts reached 6,828 individuals at which
Floyd employees provided information and
awareness about such topics as breast health,
tobacco cessation, hospice care, depression
and ergonomics in the workplace.
Working with 942 nursing, physical therapy,
physician and other clinical students, Floyd
staff members provided 152,982 hours of
clinical education at a cost of $836,749 to
the organization. Many of these students
eventually accept jobs in our service area,
providing much-needed medical expertise
in our primary and secondary service areas.
Floyd spent $2.6 million in FY 2010 to
maintain staff and equipment 24-hours a
day to ensure trauma patients receive the
medical attention they need within the
golden hour of care that is so important to
trauma survival.
Floyd employees donated $329,255 in FY
2010 including $28,800 to the United Way
Campaign, $297,200 to Floyd Healthcare
Foundation, $1,100 to Toys for Tots and
$2,155 to Rome Action Ministries food
pantries. In addition, the Floyd organization
donated $81,216.24 to support other
community initiatives.
OutreachImproving Access
Service
10 11
Outreach
As a community hospital, Floyd seeks out opportunities to deliver service in our community
to meet the health care needs of the full spectrum of individuals in our service area. We
currently have several outreach programs aimed at improving access to health care in our
community.
Floyd County Clinic
In partnership with the Floyd County Commission, Floyd County Department of Family
and Children Services (DFCS) and physicians in the community, Floyd sponsors the Floyd
County Clinic. Low income, uninsured residents of Floyd County determined to be eligible
by DFCS receive free primary medical care services through the faculty and residents of
the Floyd Family Medicine Residency program. Clinic patients also receive all outpatient
ancillary services, pharmacy services, emergency services and inpatient services through
Floyd at no cost. In addition, many physicians in the community have agreed to take
referral of clinic patients who need specialty physician care. More than 12,014 physician
services were provided to financially and medically indigent patients in Floyd County
in FY 2010.
We Care program
In addition, 87 low income, uninsured patients with chronic health care problems such
as diabetes or congestive heart failure received free primary care through the We Care
program in FY 2010 as part of the Floyd Family Medicine Residency program. These
patients received 1,550 physician services in FY 2010. They receive all outpatient ancillary
services, pharmacy services, emergency services and inpatient services through Floyd
at no cost. The purpose of this program is to give patients with chronic medical conditions
a medical home to help them manage their disease rather than the emergency room.
Indigent Outpatient Pharmacy Program
Floyd provides all prescription pharmaceuticals to low income uninsured outpatients at
no cost to the patient through its 24/7 hospital pharmacy. Any low-income patient under
the care of any Floyd physician, including the Family Medicine residents, Emergency Care
Center physicians or Floyd Primary Care physicians, are eligible to receive the prescribed
medications. In FY 2010, Floyd provided over $1,252,984 in prescription pharmaceuticals
to low income uninsured outpatients.
Free Clinic of Rome
Floyd helped to create, contributed supplies and provided seed money to fund the Free
Clinic of Rome, a local organization that provides free primary medical care to low income,
uninsured patients in our community. The Free Clinic traces its roots to a volunteer mission
effort to provide basic medical care services to Floyd County’s homeless community. Now
housed at the Floyd County Health Department, patients schedule appointments with
volunteer physicians, dentists and nurses and receive free lab tests (via the Floyd Medical
Center laboratory) and assistance with prescription medications.
Northwest Georgia Dental Clinic
In caring for low-income, uninsured patients through our clinics and the We Care program,
it became apparent that there is also a need for dental care for low-income, uninsured
families in Rome and Floyd County. To help meet this need, Floyd partnered with the
District Public Health office to plan and fund (in part by a federal grant) the construction
and operation of a comprehensive dental clinic for low-income residents of the region. In
addition, Floyd makes its Outpatient Surgery Center facilities and staff available at not cost
to dental clinic dentists to perform dental surgery on high risk patients.
Mobile Mammography
Floyd’s Mobile Mammography Coach, equipped with state-of-the-art digital mammography
equipment, seeks to reach out to the mostly rural and underserved areas around Rome. This
outreach program, which began service in November, 2008, provided 1,074 mammograms
to women in our service area in FY 2010. Of those, 401 of the patients were past due for
a mammogram, 124 women had never had a mammogram before and 123 screenings
revealed an abnormality that required further testing. Six women were diagnosed with
cancer as a result of their visit to the mobile mammography coach. The goal of this
program is to reach women who have never had a mammogram, in hope of reducing the
breast cancer mortality rate in our region, which is among the highest in the nation. The
coach traveled 3,309 miles in FY 2010 to women in four counties to make mammography
and clinical breast exams convenient for them. This program seeks to provide services and
education to these women in hopes of reducing that mortality rate and improving the lives
of these women and their families.
CommitmentDeliver
Volunteer
As the county’s largest employer with one of the largest workforces in the region, Floyd
had an economic impact of $437.8 million in 2007 (the most recent year for which these
statistics are available). Floyd sustains more than 4,412 full-time jobs throughout Rome and
the rest of the state, including nearly 2,400 full and part-time employees at Floyd. Floyd’s
impact includes $177 million in direct expenditures and household earnings of $115.7
million.
12 13
Economic Leader
Volunteer Services
Outreach Haiti
Before earthquakes devastated the poor Caribbean nation of Haiti in January of 2010,
Floyd Medical Center’s Family Medicine Residency Program already had planned a medical
mission trip there with doctors Melvin Thomas, Tommy Simpson, Adrian Long and Margaret
Thorhallsdottir. The earthquakes did not change their plans, but it did change their mission.
This was the eighth year Dr. Thomas has led a medical mission trip to Haiti and the
Dominican Republic with Floyd residents, and typically the trips provide hands-on,
third-world medical experience for young doctors. General medical care was the original
intent, but this was a different mission.
Earthquake evacuees poured into the clinic. The Floyd team also traveled to help care
for earthquake victims. Over the course of the week, the Floyd team helped hundreds
of patients.
Arts in Medicine
In 2010, Floyd’s Arts in Medicine team was recognized as the Georgia Volunteer Group of
the Year by the Georgia Association for Volunteer Administration, Inc. The award is given
to a group of individuals who have made a commitment to connect to others through
service to help meet critical needs in their community while making a difference in the lives
of others.
The Arts in Medicine team consists of expressive arts coordinator, Sue Lavigne, and three
contracted artists, Judy Schmidt, visual artist and resident, Dekie Hicks, creative writing
specialist, and Mary Ellen Broome, music coordinator. The artists plan arts projects and
demonstrations for patients and guests and enlist and train arts volunteers to assist with
projects that enhance the clinical aspects of healing.
In FY 2010, Floyd volunteers created 1,737 individual art projects, led 1,258 music
performances and provided music for 29,885 patients in their rooms. In addition, volunteers
made 1,084 contacts at Floyd Behavioral Health Center.
Perhaps most significant is the continuing commitment of Floyd to provide comprehensive
health care services to all individuals regardless of ability to pay. In FY 2010, $62.9 million
in care was delivered to individuals either in the form of indigent and charity care or
medically indigent care.
Indigent and Charity Care
Medical Staff Officers
James M. Crane, M.D.President
Ryland Scott, M.D.President-Elect
Todd Kelley, M.D.Secretary-Treasurer
Medical Staff Department Chairmen
Mark A. Jester, M.D.Department of Medicine
Trent Prault, M.D.Department of Surgery
Asa Peek, M.D.Department of Obstetrics
and Gynecology
Randy G. Robinson, M.D.Department of
Family Medicine
Anne Lule, M.D. Department of Pediatrics
Kevin Phillips, M.D.Department of Radiology
Steven G. Hom, M.D.Department of Pathology
Brian T. Kinder, M.D.Department of
Anesthesiology
Vibhakar Patel, M.D.Department of Psychiatry
14 15
Introducing
Charles Baggett, M.D.Cardiology
Frank Don Diego, M.D.Family Medicine
Daniel Gober, M.D.Diagnostic Radiology
Jonathan Gore, M.D.Emergency Medicine
Yasser Jabri, M.D.Nephrology
Michael Jackson, M.D.Family Medicine
Kristine Mull, M.D.Family Medicine
Kirby Peden, M.D.Emergency Medicine
Michael Pesce, M.D.Anesthesiology
Maxwell Prempeh, M.D. Cardiology
Daniel Robitshek, M.D.Hospitalist
Dominic Seymore, M.D.Physical Medicine
and Rehabilitation
Andrew Stevens, M.D.Neurosurgery
Edward Wren, M.C.Anesthesiology
Medical Staff Floyd Healthcare FoundationExpanding Breast Health Care
In 2010, Floyd Healthcare Foundation launched a campaign to raise $3 million to add to
the capabilities of Floyd Medical Center’s Mobile Mammography initiative and The Breast
Center, which will relocate in April of 2011 to the third floor of the new Harbin Clinic
cancer center under construction on the Floyd Medical Center campus.
In its new location The Breast Center will include ultrasound, stereotactic biopsy, digital
mammography, space for conferences and cancer support programs and a resource library
in addition to expanded private exam rooms, family consultation rooms, staff offices and
a refreshment bar for patients and families.
Gardner Wright is the campaign chairman. Kay Chumbler is vice chairwoman. Other
members of the campaign leadership are Jamie Doss, planned gifts division chairman;
Karen Sablon, employee gifts division chairwoman; Brad Roberts, annual gifts division
chairman, Katey Temple and Paige Swiger, major gifts division chairwomen, and Ron
Tomlinson, corporate gifts division chairman. Dr. and Mrs. Paul Brock are the honorary
chairman and chairwoman. Dr. Brock, a Harbin Clinic surgeon, championed The Breast
Center concept.
Floyd Healthcare Foundation Board of Directors
Sam FreemanPresident
Kay ChumblerVice President &
Campaign Vice Chairwoman
Katey TempleSecretary &
Battey Fellowship
Co-chairwoman Treasurer
Brad RobertsTreasurer,
Annual Fund Chairman
Paige SwigerBattey Fellowship
Co-chairwoman
Hal StoreyDiabetes Council Chairman
Kiki’s Kids Committee
Charles WilliamsInvestment Committee Chairman
Karen SablonSPIRIT Committee Chairwoman
Denise Downer McKinneyFocus on the Future Chairwoman
Ron TomlinsonCorporate Gifts Chairman
Jamie DossPlanned Giving Chairman
Assets 2010 2009
2010 2009
2010 2009 Liabilities and Net Assets
Income Statement
Current assets:Cash and cash equivalentsAssets limited as to useTemporary investmentsPatient accounts receivable, net of estimated uncollectibles of $97,058,000 in 2009 and $80,742,000 in 2008Estimated third party payor settlementsInventoriesOther current assets
Total current assets
Assets limited as to use: By board for capital improvements Under malpractice funding arrangement - held by trustee Under indenture agreement - held by trustee
Total assets limited as to use
Less amount required to meet current obligations
Noncurrent assets limited as to use
Property, plant and equipment, net
Other assets:Unamortized bond issue costsOther Total other assets Total assets
$ 14,949,311 9,840,406
40,899,343
9,109,654 6,416,110
81,214,824
39,684,184
6,587,396
9,616,830
55,888,410
(9,840,406)
46,048,004
151,363,034
1,371,321
3,276,163 4,647,484
$283,273,346
$ 25,173,435 9,831,314 99,938
38,015,466
292,928 8,546,173 4,011,386
85,970,640
34,784,416
6,768,535
14,208,283
55,761,234
(9,831,314)
45,929,920
134,052,430
1,447,691 3,222,609 4,670,300
$270,623,290
Current liabilities:Current portion of long-term debtAccounts payableShort-term notes payableEstimated third party payor settlementsAccrued expenses: Salaries and compensation Employee benefits Other Total current liabilities
Due to the Hospital Authority of Floyd CountyLong-term debt, net of current portionOther long-term liabilities Total Liabilities
Net assets - unrestricted
Total liabilities and net assets
Unrestricted revenues, gaines and other support:Net patient service revenueOther operating revenue
Total revenues, gaines and other supportExpenses: Operating expenses Depreciation and amortization Interest Provision for bad debts
Total expenses
Operating IncomeNonoperating income (expense): Investment income (loss) Contributions Gain (loss) on sale of assets Loss on early extinguishment of debt
Total non operating income
Excess of revenues over expenses
$ 2,273,180 9,106,836 7,917,000 2,104,393
6,374,270 8,328,600 11,644,846
47,749,125
8,621,884107,931,650
16,473,583
180,776,242
102,497,104
$283,273,346
$ 2,208,952 9,366,394 5,514,000 1,405,098
6,102,432 8,064,137 9,927,850
51,148,977
8,560,114110,266,885
15,334,009
176,749,871
93,873,419
$270,623,290
$281,993,573
6,604,387
288,597,960
$ 12,685,213
231,833,276 15,316,805 5,754,421 26,696,921
279,601,423
8,996,537
1,395,616 2,503,940
( 210,880)
3,688,676
$258,738,626
6,162,001
264,900,627
$ 12,779,155
213,346,207 13,607,574 4,067,368 22,703,014
253,724,163
11,176,464
( 3,620,572) 5,491,756
( 105,264) ( 163,229)
1,602,691
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Finances
www.floyd.orghealthline 1.800.677.1536