floyd medical center annual report 2009
DESCRIPTION
Floyd Medical Center reports on the accomplishments and events of the past year.TRANSCRIPT
Annual ReportFocus on 2009
This past year was a good one for Floyd. As you will see in the
financial statements, we had one of our best years ever. We
have added new services. We earned distinction for quality
achievement. Our patient satisfaction and employee
satisfaction continue to be good. We call these five areas of
people, patient satisfaction, quality, strategy, and finance our
“Value Compass.”
The Value Compass is our balanced scorecard, and true to the metaphor of a compass, it
enables us to set our direction, and further, for the compass to function properly it must
remain in balance. Finances are important, make no mistake about that, but so are the
other areas of quality, people, patient satisfaction, and strategy. And in fact, overemphasis
in one area of the Value Compass may be detrimental to other areas. We strive for
achievement in all areas. We set ambitious goals each year in these five areas, and we
measure our progress.
As you read the annual report you will learn of our Breast Center, Urgent Care in Calhoun,
initiation of angioplasty services, EMS in the Rockmart area of Polk County, our new Sleep
Disorders Center, and the new initiative of our electronic medical record. These are all
important developments in Floyd’s capability to meet the needs of our patients and the
communities we serve.
We won several awards, launched a new fundraising campaign through Floyd Healthcare
Foundation, and saw continued growth in many of our service lines, all while we continue
to deliver outstanding community benefits as a premier not-for-profit organization. And,
the economic benefit from Floyd to our region is estimated at over $437 million annually. In
addition, our people give countless hours of volunteer time both to our organization and
to other worthy causes in our region.
Floyd is a great place. It is made so by our calling, and by our people. Every day our board
members, physicians on our medical staff, volunteers and employees do an outstanding
job in bringing our mission to life for the betterment of society.
Welcome from the President and CEO
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New in 2009Bariatric Surgery Center of Excellence®
Floyd Medical Center and Harbin Clinic announced in February 2009 that
their collaborative Bariatric Surgery, or surgical weight loss, programs
earned Bariatric Surgery Center of Excellence® designation from
the American Society for Metabolic and Bariatric Surgery (ASMBS).
Dr. Ryland Scott, a Harbin Clinic surgeon, directs the Harbin Clinic Bariatric
Center and is the Medical Director and primary surgeon for Floyd Center for Bariatric
Services. Bariatric Surgery Center of Excellence® designation recognizes surgical
programs with a demonstrated track record of favorable outcomes in bariatric
surgery. The ASMBS Centers of Excellence program recognizes bariatric surgery
centers that perform well, provide top-quality care and have
effective results.
Interventional CardiologyInterventional cardiology, or angioplasty, is an important and frequently
used intervention for patients with heart disease. Also called therapeutic cardiac
catheterization, the introduction of this service in September 2009 is the logical next 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.
SPOTLIGHT121 Bariatric Surgeries were performed at Floyd in FY 2009.
Floyd began offering bariatric surgery in 2003.
609 patients have received bariatric surgery at Floyd from FY 2003 through FY 2009
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SPOTLIGHT830 cardiac catheterizations were performed at Floyd in FY 2009.
Floyd began providing diagnostic cardiac catheterization in 1992.
Floyd opened its permanent in-house cardiac catheterization lab in 2002.
From FY 2002 through FY 2009, Floyd performed 5,651 cardiac catheterizations.
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SPOTLIGHTThe Breast Center opened in November 2008.
During its first year of operation, The Breast Center provided 8,477 mammograms to women.
The Mobile Mammography coach performed 1,801 screening mammograms.
The Mobile Mammography coach covered 10,146 miles.
The Breast CenterIn October 2008, The Breast Center at
Floyd opened with a vision to touch the
lives of the women of northwest Georgia
and northeast Alabama. In addition, Floyd
began providing screening mammograms on
the Mobile Mammography coach, traveling to
communities throughout the region to help make
this important service more accessible to the women
who need it. In 2011 The Breast Center will relocate to the new
cancer center building now under construction on the Floyd Medical
Center campus. The move will allow The Breast Center staff to better
accommodate the growing number of patients choosing Floyd for their
breast health care and help consolidate services for those women who are
diagnosed with cancer.
Floyd’s Sixth Urgent Care OpensFloyd opened a new Urgent Care center in Calhoun
in October 2009 in response to the concentrated
population growth northward along Georgia’s
Interstate 75 corridor. Offering immediate care and
after-hours service to residents of Gordon County
and northern Bartow County, Floyd Urgent Care is
staffed with two physicians and equipped with lab
and x-ray facilities. Urgent Care centers provide
medical care for minor illnesses, accidents and
work-related injuries that require prompt attention,
but are not life-threatening. Floyd also operates Urgent
Care centers in Cartersville, Cedartown, Rome, Rockmart
and Summerville.
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SPOTLIGHTTotal Urgent Care visits is 80,884 in FY 2009.
Floyd Urgent Care in Rome recorded 26,406 patient visits in FY 2009.
The Urgent Care in Calhoun isFloyd’s sixth area Urgent Care center.
Floyd Urgent Care in Cedartown recorded 12,292 patient visits in FY 2009.
Floyd Urgent Care in Cartersville recorded 14,754 patient visits in FY 2009.
Floyd Urgent Care in Rockmart recorded 11,487 patient visits in FY 2009.
Floyd Urgent Care in Summerville recorded 15,945 patient visits in FY 2009.
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New in 2009Pediatric & Neonatal Response TeamIn June, Floyd began offering a Mobile Intensive Care transport service for newborn babies
in need of higher-level care. This new service is supported by a Pediatric and Neonatal
Response Team composed of physicians, nurses, respiratory therapists and Emergency
Medical Service personnel, all specifically trained in the care of high-risk infants. The
team is on standby 24 hours a day, seven days a week to provide immediate, quality care.
Patients transported using the Mobile Intensive Care unit are brought to Floyd’s Level II
Neonatal Intensive Care Unit for specialized intensive care.
Emergency Medical Services in Eastern PolkIn July 2009, Floyd Emergency Medical Services began providing around-the-clock
ambulance service to Rockmart and eastern Polk County, establishing two fully-staffed
and fully-equipped stations to meet the emergency response needs of families in
these communities. In addition, Floyd EMS has established relationships with
other first responders and health and safety partners to provide education and
services to this growing community.
SPOTLIGHTFloyd Emergency Medical Services employs 70 paramedics, emergency medical technicians and support staff with a combined total of over 800 years of experience.
In FY 2009, Floyd EMS responded to 14,473 requests for service
Floyd EMS ambulances covered 175,000 miles in FY 2009.
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Sleep Disorders CenterThe Sleep Disorders Center relocated to
a larger, quieter space on the first floor
of Floyd Medical Center and expanded its
services to become the only sleep lab in the
region able to perform pediatric sleep studies.
This new capability allows children as young as
six years old to be monitored during their regular
sleep cycle to help diagnose any potential sleep-
related issues these young patients may have. In addition
to Sleep Number® mattresses, the new location is designed
and furnished to resemble a luxury hotel to facilitate the most
restful environment possible, while giving our sleep experts the
clinical tools they need to accurately monitor and record each patient’s
unique sleep-related issues.
Electronic Medical Record In 2009, Floyd completed Phase 1 of the organization’s Electronic
Medical Record (EMR) initiative and began work on Phase 2, which
will bring the implementation of the Electronic Medical Record to the
bedside and all across the patient care spectrum. EMR will transform
and consolidate the patient medical record into a single source to allow
the same patient information to be safely and securely communicated to all
providers of care who need to see it. Patients will begin seeing the EMR replace
paper records and doctors and nurses using computers at the bedside beginning
in the fall of 2010. By incorporating this technology, patients can be assured that our
providers are using the most up-to-date information available.
SPOTLIGHTDuring FY 2009, 413 sleep studies were performed over the course of 240 nights at Floyd–more than any previous year. In FY 2009, The Sleep Disorders Center expanded from two to four beds and relocated to a state-of-the-art facility. The Sleep Disorders Center at Floyd began providing pediatric sleep studies for children as young as 6 years old during FY 2009. It is the only sleep lab in Rome that conducts studies of pediatric patients to help diagnose their unique sleep issues.
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Awards in 2009
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Stroke Silver AwardOur efforts to improve the quality of care given to stroke patients earned a Silver Award in
2009 and a Silver Plus Award in 2010 from the American Heart Association/American Stroke
Association. The award is given to hospitals in which 85 percent of eligible stroke patients
are treated according to nationally recognized stroke care guidelines. Most hospitals that
implement these guidelines realize improved patient outcomes and fewer recurring events,
helping improve the lives of patients and their families, employee satisfaction and the
financial health of the organization.
Materials Management AwardsMaterials Management’s work to ensure an efficient, effective and cost-conscious
supply chain earned the department several peer awards in 2009 for its efforts
to improve the process of ordering, purchasing, stocking and delivering the
supplies Floyd departments need. The department was one of only eight VHA
member- hospitals in the United States to earn a 2009 Leadership Award for
Supply Chain Management. Floyd won the award for its successful transition
to an electronic purchase order management system in conjunction with
automating the purchasing process for organizational supplies. The change
reduced work time, provided the ability to monitor order variables and reduced
price discrepancies from 18.7 percent to 6.6 percent. Also in 2009, the department
received a Global Healthcare Exchange Excellence Award for Most Improved Purchase
Order Growth and was recognized in the May 2009 issue of Purchasing Magazine as Best in
Class for sourcing and procurement of office supplies.
Quality AwardOur efforts to continuously improve safety and quality resulted in the organization being
named to the Georgia Hospital Association’s Presidential Honor Roll. Medicare established
Core Measures in 2000 to quantify the specific actions, such as the administration of
aspirin to patients with symptoms of heart attack, doctors and hospitals take to improve
a patient’s chances for good health results. Floyd reports how many of our patients have
had heart attacks, heart failure, or pneumonia, and whether we provided each of the
Core Measures for those patients. The Quality Honor Roll and Presidential Honor Roll was
developed to recognize Georgia hospitals who achieve a 90 percent or higher compliance
rate as part of an initiative to have Georgia rank among the top 10 states in the country
for Core Measure compliance. This means Floyd exceeds national benchmarks for Core
Measure provision by having a compliance rate greater than 93 percent.
SPOTLIGHTMaterials Management handles more than 25,000 purchase orders per year, each holding over 85,000 separate order lines. The Materials Management department delivers 2.1 million items to Floyd departments each year.
Floyd’s supply chain spends $41 million annually.
Floyd’s mail room processes 29,400 pieces of mail coming in each month and 27,900 pieces of mail going out each month.
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Floyd Healthcare FoundationFloyd Healthcare Foundation Campaign for The Breast Center For nearly three decades Floyd Healthcare Foundation has
partnered with Floyd employees, community leaders and
other philanthropic organizations to help support Floyd
Medical Center and its many endeavors. In April 2010 the
Foundation launched a campaign to raise $3 milllion to
expand and relocate The Breast Center. Through SPIRIT,
the Foundation’s initiative to give Floyd employees the
opportunity to invest in their employer, employees support
numerous organizational services and expansions including
the hospital’s main lobby and Mobile Mammography outreach
program, which began in 2008.
In addition, the Foundation maintains several other programs, including:
Kiki’s Kids Camp, a summer camp for children with diabetes. Campers learn
how they can incorporate nutrition and disease management into their lives
without sacrificing fun and recreation.
Focus on the Future, an endeavor that funds health-related programs for
youth in our community.
The Diabetes Council of Northwest Georgia, which raises funds for
diabetes research and brings experts and resources into our community.
Floyd Healthcare Foundation 2009 Board of DirectorsGardner WrightPresident
Sam FreemanVice President
Katey TempleSecretary
Katey TempleRobert Battey Fellowship
Charlie WilliamsInvestment Committee
Karen SablonSPIRIT Committee
Iris FranklinAnnual Fund Committee
Denise McKinneyFocus on the Future
SPOTLIGHTSince 1979, Floyd Healthcare Foundation has raised over $8 million for Floyd Medical Center and its affiliates.
In FY 2009, the Foundation raised over $482,000
In FY 2009, Floyd employees donated $287,435 to the Foundation through SPIRIT.
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Kay ChumblerTreasurer
Katie DempseyImmediate Past President
Rhonda WallaceAnnual Fund Committee
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Michael McDougaldRobert Battey Fellowship
Hal StoreyDiabetes Council
Kiki’s Kids Committee
Floyd provides a complete continuum of medical care to serve the health care needs of
individuals in northwest Georgia and northeast Alabama through 22 physician offices,
six Urgent Care facilities, diagnostic services, hospice, behavioral health and hospital
services.
At the center of this medical hub is Floyd Medical Center, a 304-bed, full-service acute
care hospital and regional referral center that includes a Joint Commission-accredited
Primary Stroke Center and Joint Replacement (Total Hip and Total Knee) programs, a
Bariatric Surgery Center of Excellence, 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 to
grief support, and includes the following medical specialties:
Alcohol and Chemical Dependency Services
Bariatric Surgery and Aftercare
Behavioral Health
Cardiac Catheterization
Cardiology
Critical Care
Diabetes Services
Emergency Care
Hospice
Hospitalist
Imaging Services
IV Therapy
Intensive Care
Laboratory Services
Services
Level II Neonatal Intensive Care Unit
Level II Trauma Care
Maternity Services
Occupational Medicine
Oncology
Outpatient Surgery
Pediatrics
Pharmacy, Inpatient and Outpatient
Physical Therapy and Rehabilitation
Radiology
Surgical Services
Sleep Diagnostics
Urgent Care
Wound Care & Hyperbarics
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Health Care Delivery Statistics
66,342ECC Visits
197,769Outpatient Visits
11,487Urgent Care
Rockmart Visits
18,738Family Medicine
Visits
94,589RadiologyProcedures
15,945Urgent Care
Summerville Visits
203,207Family Primary Care
Patient Visits
26,406Urgent CareRome Visits
29,181Heyman HospiceCare
Patient Days
14,754Urgent Care
Cartersville Visits
12,292Urgent Care
Cedartown Visits
11,459Inpatient Discharges
1,770Behavioral Health
Admissions
6,681Inpatient Surgeries
2,398Births
4,064Outpatient Surgeries
830Cardiac CathProcedures
697,876Laboratory Tests
Community BenefitsThe Floyd health care system, which includes Floyd Medical Center, Floyd Behavioral
Health, Floyd Primary Care, Floyd Urgent Care, 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 area. In addition to health
care services in over 40 specialties, Floyd serves as an economic force and civic leader in
the region.
Economic ImpactAs the largest employer in Floyd County and among the largest in northwest Georgia,
Floyd is not only a health care leader, but an economic leader in our community. The most
recent statistics indicate Floyd had a $437.8 million economic impact on the local economy
in 2007, while sustaining more than 4,412 full-time jobs and generating household
earnings of $115.7 million throughout Rome and the rest of the state. Our impact includes
$177 million in direct expenditures in 2006. In addition, the organization provided
approximately $19.2 million in uncompensated care, including
$11.6 million in indigent care, $2.4 million in charity
care and $5.2 million in bad debt.
Individually and corporately,
Floyd continues to be actively
involved in communities
where we have a presence
lending leadership, time
and other valuable
resources to efforts to
improve the quality
of life for families in
northwest Georgia
and northeast
Alabama.
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In fiscal year 2009, the organization’s outreach into the community touched 345,608
people through educational programs and screenings, physical examinations for athletes,
childbirth classes, support groups and publications. Floyd co-workers and volunteers
contributed 9,755 hours to community endeavors at an expense of $246,175:
Staff members and volunteers spent 2,538 hours sharing their talents with 30,790 patients
and family members through Floyd’s Arts in Medicine program.
197 individuals learned about pregnancy, labor, delivery and newborn care through
Floyd Medical Center’s childbirth classes at a cost to the organization of $3,665.
1,710 area students learned about careers in health care from Floyd employees who
took time out of their day to speak to classes.
1,641 students learned about automobile safety and safe play from Buckle Bear, Little
Green ambulance, Emergency Care Center, Public Relations and Emergency Medical
Services personnel at a cost of more than $5,179.
Floyd reached 22,049 individuals at health fairs and screenings where employees spent
350 hours discussing health issues and concerns with attendees.
Floyd employees donated 175 hours of their time to help raise funds, assist on the
sidelines or provide other support for community-wide charitable endeavors and reached
5,580 people in the process.
Our Emergency Medical Services (EMS) team stood ready to serve at sporting events and
community events to provide peace of mind and support and also visited schools and clubs,
directly reaching 20,845 people. EMS crews spent 693 hours with activities ranging from
providing immediate care at football games to giving ambulance tours to preschoolers.
Floyd.org, the organization’s website, served as a resource with yearly hits totaling over
259,762, or over 711 visitors to the site a day, at a cost of $51,948.
Representatives of Floyd donated over 183 hours of their time speaking to schools,
churches, clubs and individuals educating more than 4,072 people about Floyd and
a variety of health and healthcare-related topics.
Floyd physicians donated over 95 hours of their time to perform physical examinations
for 1,217 middle school, high school and college athletes.
In addition, Floyd employees donated more than $318,000 in fiscal year 2009 including over
$28,000 to the United Way Campaign, $287,435 to Floyd Healthcare Foundation and over
$3,085 to Toys for Tots and Rome Action Ministries food pantries. In addition, the Floyd
organization donated over $45,000 to support other community initiatives in FY 2009.
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OutreachAs a community hospital, Floyd is continuously looking for opportunities to reach further
into our community to meet the needs of the full spectrum of individuals who require
medical care in northwest Georgia. We currently have several outreach programs aimed
at improving access to health care in our community.
Floyd County ClinicIn 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 deemed
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 550 patients
in Floyd County were served by this program in fiscal year 2009, assuring them medical care
is available at Floyd.
We Care programIn addition, 105 low income, uninsured patients from throughout our region with chronic
health problems, such as diabetes or congestive heart failure, received free primary care
through the We Care program in fiscal year 2009 as part of the Floyd Family Medicine
Residency program. These patients also 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.
Indigent Outpatient Pharmacy ProgramFloyd 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.
Since 2003, Floyd has provided over $12.8 million in prescription pharmaceuticals to low
income, uninsured outpatients.
Community Benefits
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Free Clinic of RomeFloyd 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. A Floyd staff member
serves on the Free Clinic board, and many Floyd employees volunteer their time and
expertise with this clinic.
Northwest Georgia Dental ClinicIn 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 no
cost to clinic dentists to perform dental surgery on high-risk patients.
Mobile MammographyFloyd’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 over 1,800
mammograms to women in our service area in fiscal year 2009.
The goal of this program is to reach women who have never had
a mammogram in hopes of reducing the breast cancer mortality
rate in our region, which is among the highest in the nation. The
coach travels to four counties to make mammography and clinical
breast exams convenient. This program seeks to provide services
and education for the purpose of improving quality of life for these
women and their families.
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Medical Staff OfficersJames M. Crane, M.D.President
Ryland Scott, M.D.Secretary-Treasurer
Vincent C. Pearson, M.D.Past President
Medical Staff Department ChairmenMark A. Jester, M.D.Department of Medicine
James D. Riley, M.D.Department of Surgery
Dixon L. Freeman, M.D.Department of Obstetrics and
Gynecology
Randy Robinson, M.D.Department of Family Medicine
Hope R. Hamilton-Rodgers, M.D. Department of Pediatrics
Allan M. Stephenson, 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
LeadershipFloydHealthcareManagement 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 Authorityof Floyd CountyJerry 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
FloydExecutiveTeamKurt 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
Mary MaireVice President and
Corporate Compliance
Officer
C. Wade MonkGeneral Counsel
Greg PolleyVice President
Dan SweitzerVice President of
Market Development
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Medical Staff OfficersJames M. Crane, M.D.President
Ryland Scott, M.D.Secretary-Treasurer
Vincent C. Pearson, M.D.Past President
Medical Staff Department ChairmenMark A. Jester, M.D.Department of Medicine
James D. Riley, M.D.Department of Surgery
Dixon L. Freeman, M.D.Department of Obstetrics and
Gynecology
Randy Robinson, M.D.Department of Family Medicine
Hope R. Hamilton-Rodgers, M.D. Department of Pediatrics
Allan M. Stephenson, 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
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New Medical StaffIntroducingMichael Amendola, M.D. Vascular Surgery
Oladiran Amosu, M.D. Anesthesiology
Natasha Ballard, M.D. Family Medicine
Ruta Bhargava, M.D. Internal Medicine (Hospitalist)
Brandon Bushnell, M.D. Orthopedics
Dana Cason, M.D. Neonatology
Angela Coleman, M.D. Family Medicine (Floyd Primary Care)
Jennifer Davis, M.D. Pulmonology
John Desmond, M.D. Family Medicine
Paul Dominique, D.M.D.Pediatric Dentistry
Manolo Gallego, M.D. Nephrology
Michael Gonsalves, M.D. Family Medicine
David Hale, M.D. Neurology
Cline Jackson, M.D. Emergency Medicine
Christopher Keenan, D.D.S. Dentistry
Philip Lamptey, M.D. Internal Medicine (Hospitalist)
Aldrich Mendoza, M.D. Family Medicine
Leverett Neville, M.D. Diagnostic Radiology
Shaila Nupur, M.D. Internal Medicine (Hospitalist)
John Moss, M.D. Neonatology
Shalini Reddy, M.D. Family Medicine
Sara Rogers, M.D. Pediatrics
Richita Surana, M.D. Anesthesiology
Kary VanAllen, M.D. Anesthesiology
FinancesAssets 2009 2008
2009 2008
2009 2008 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
$ 23,584,6386,714,274
109,279
35,355,117 590,031
9,152,3004,710,176
80,215,815
25,975,435
7,185,945
6,751,422
39,912,802
(6,714,274)
33,198,528
120,487,997
1,085,466 3,340,5114,425,977
$238,328,317
$ 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 Due to the Hospital Authority of Floyd County
Total current liabilities
Long-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
$ 2,208,952 9,366,394 5,514,000 1,405,098
6,102,432 8,064,137 9,927,850 8,560,114
51,148,977
110,266,885 15,334,009 176,749,871
93,873,419
$270,623,290
$ 2,061,3389,753,3704,718,0004,432,793
4,801,9557,319,9726,943,8628,422,458
48,453,748
91,812,4125,592,024
145,858,184
92,470,133
$238,328,317
$259,926,012 6,162,001
266,088,013
$ 12,779,155
214,533,593 13,607,574 4,067,368 22,703,014
254,911,549
11,176,464
( 3,620,572) 5,491,756
( 105,264) ( 163,229)
1,602,691
$232,278,300 5,048,277
237,326,577
$ 11,320,814
191,683,048 13,636,377 4,580,736 20,674,624
230,574,785
6,751,792
471,711 4,139,651
( 42,340) -
4,569,022
16
Assets 2009 2008
2009 2008
2009 2008 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
$ 23,584,6386,714,274
109,279
35,355,117 590,031
9,152,3004,710,176
80,215,815
25,975,435
7,185,945
6,751,422
39,912,802
(6,714,274)
33,198,528
120,487,997
1,085,466 3,340,5114,425,977
$238,328,317
$ 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 Due to the Hospital Authority of Floyd County
Total current liabilities
Long-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
$ 2,208,952 9,366,394 5,514,000 1,405,098
6,102,432 8,064,137 9,927,850 8,560,114
51,148,977
110,266,885 15,334,009 176,749,871
93,873,419
$270,623,290
$ 2,061,3389,753,3704,718,0004,432,793
4,801,9557,319,9726,943,8628,422,458
48,453,748
91,812,4125,592,024
145,858,184
92,470,133
$238,328,317
$259,926,012 6,162,001
266,088,013
$ 12,779,155
214,533,593 13,607,574 4,067,368 22,703,014
254,911,549
11,176,464
( 3,620,572) 5,491,756
( 105,264) ( 163,229)
1,602,691
$232,278,300 5,048,277
237,326,577
$ 11,320,814
191,683,048 13,636,377 4,580,736 20,674,624
230,574,785
6,751,792
471,711 4,139,651
( 42,340) -
4,569,022
17
www.floyd.ordhealthline 1.800.677.1536