2008 Side-by-Side Comparison Winchester Med'l Center / Lewis-Gale Med'l Center

	Winchester	Lewis-Gale
	Medical Center	Medical Center
	Winchester, VA	Salem, VA
	2008	2008
Licensed beds:	411	521
Staffed Beds:	411	216
Licensed NISU bassinets:	24	0
Staffed NISU bassinets:	24	0
Staffed normal newborn bassinets:	12	5
Patient Days:	110,475	75,525
Admissions:	25,040	14,548
Full-Time Equivalents - Payroll:	2,293	1,281
Full-Time Equivalents - Contract:	127	75
Gross Inpatient Revenue:	432,444,823	417,369,963
Gross Outpatient Revenue:	306,941,444	312,411,315
Gross Patient Revenue:	739,386,267	729,781,278
Contractual Allowance:	274,805,640	486,372,120
Charity Care:	32,784,775	8,324,335
Indigent Care Trust:	-150,000	73,484
Net Patient Revenue:	431,795,852	235,084,823
Other Operating Revenue:	12,202,410	2,626,320
Current Assets:	163,881,986	37,181,175
Net Fixed Assets:	310,687,613	108,487,069
Other Assets:	193,139,219	101,488,072
Total Assets:	667,708,818	247,156,316
Current Liabilities:	40,451,147	23,642,463
Long Term Liabilities:	264,403,642	38,394,875
Total Liabilities:	304,944,789	62,037,338
Fund Balance:	362,764,029	185,118,978
Labor Expense:	180,957,635	87,265,649
Non-Labor Expense:	155,439,049	93,801,134
Capital Expense:	42,785,264	22,936,839
Taxes:	$59,183	$10,963,392
Bad-Debt Expense:	21,253,614	13,761,420
Total Operating Expense:	400,494,746	228,728,434
Operating Income:	43,503,516	8,982,709
Net Non-Operating gains:	-34,002,605	68,841
Revenue & Gains
in excess of expenses (profits):	$9,500,910	$9,051,550
Tax Status:	Not-For-Profit	For-Profit

Also, review the 2007 comparison ...

Sunday, November 8, 2009

2007 Winchester Medical Center / Lewis-Gale Medical Center side-by-side comparison

To give the citizenry a better understanding of the differences between a "not-for-profit" and "for-profit" hospital, THE PIBBSTER's PUB wants to share with all a side-by-side comparison between Winchester Medical Center and Lewis-Gale Medical Center.

VHS's Regional hospitals 2007 and 2008 comparison

IRS990's for 2008 have NOT been posted yet for a more detailed review of the negative profit variance for Winchester Medical Center.

VHI - From #'s to Knowledge

	2007	2008
Warren Mem'l	$4,681,417	-$1,222,867
Winchester Medical Center	$66,617,963	$9,500,911
Winchester Surgi-Center	$1,673,924	-$363,877
Shenandoah Mem'l	$1,933,193	$1,689,374
Page Memorial	$332,680	-$367,694
Total Excess of Revenue (Profits) :	$75,239,177	$9,235,847

2007 / 2008 Side-By-Side financial comparison of Winchester Medical Center

VHI - From #'s to Knowledge
	2007	2008
Licensed beds:	411	411
Staffed Beds:	411	411
Licensed NISU bassinets:	24	24
Staffed NISU bassinets:	24	24
Staffed normal newborn bassinets:	12	12
Patient Days:	110,115	110,475
Admissions:	25,318	25,040
Full-Time Equivalents - Payroll:	2,297	2,293
Full-Time Equivalents - Contract:	140	127
Gross Inpatient Revenue:	409,766,805	432,444,823
Gross Outpatient Revenue:	263,761,298	306,941,444
Gross Patient Revenue:	673,528,103	739,386,267
Contractual Allowance:	234,014,441	274,805,640
Charity Care:	25,752,576	32,784,775
Indigent Care Trust:	0	-150,000
Net Patient Revenue:	413,761,086	431,795,852
Other Operating Revenue:	13,788,825	12,202,410
Current Assets:	207,181,874	163,881,986
Net Fixed Assets:	276,623,250	310,687,613
Other Assets:	220,606,786	193,139,219
Total Assets:	704,411,910	667,708,818
Current Liabilities:	43,025,848	40,451,147
Long Term Liabilities:	207,765,314	264,403,642
Total Liabilities:	250,792,162	304,944,789
Fund Balance:	453,619,748	362,764,029
Labor Expense:	180,988,686	180,957,635
Non-Labor Expense:	145,327,697	155,439,049
Capital Expense:	37,317,267	42,785,264
Taxes:	$162,362	$59,184
Bad-Debt Expense:	23,331,159	21,253,614
Total Operating Expense:	387,127,171	400,494,746
Operating Income:	40,422,740	43,503,516
Net Non-Operating gains:	26,195,223	-34,002,605
Revenue & Gains
in excess of expenses (profits):	$66,617,963	$9,500,911

Did this led to the former City Mgr's unexpected departure?

Memo may shed light on money
Did city of Winchester release SAAA from $250,000 pledge?

By Vic Bradshaw
The Winchester Star
December 26, 2009

Winchester — City officials provided and executed a document that may have released a local nonprofit agency from a $250,000 donation pledge.

The document, a memorandum of understanding between the city and the Shenandoah Area Agency on Aging, lists a $550 monthly fee for utility expenses as the agency’s only financial obligation for use of the Active Living and Recreation Center.

2009 Board of Directors
John Hudson, Berryville
Anthony Roper, Berryville
Cheryl Swartz, Winchester
John Graves, Luray
Bruce Arnold, Shenandoah
Fred Hughes, Woodstock
Shelby DePriest, Fort Valley
Ann Crim, Front Royal
Violet Carter, Front Royal
Rebecca Allen, Winchester
Lois Wismer, Winchester
Teresa Strohmeyer, Clear Brook
Walter Quinn, Stephens City
Don H. Shirley, Stephenson
Kenneth Alger III, Stanley
Mary T. Price, Strasburg
Ronald King, Strasburg
Robert Kendall, Winchester

The agency’s $250,000 pledge toward construction of the center is not mentioned in the agreement, which was filed as an exhibit in SAAA’s response to the $500,000 lawsuit the city filed against it on Dec. 3.

“Any prior verbal agreement or other written agreement that is not expressly incorporated into this document is hereby declared null and void,” the agreement states.

It was signed by Helen Cockrell, SAAA’s president and CEO, on Jan. 12, and by J. Brannon Godfrey, then Winchester’s city manager, on Jan. 30.

City offices were closed for the holidays Thursday and Friday, and officials could not be reached for comment.

The filing confirms that the dispute arose when Winchester said the agency would have to pay fees to use the center. The response states that SAAA “clearly believed” that the $250,000 payment up front would be its only financial obligation for the center’s use.

An earlier, unexecuted memorandum of understanding for the project that was submitted as an exhibit, contains no mention of money to be paid by SAAA — except the donation.

The agency’s board of directors rejected a Nov. 18, 2008, agreement that would have required SAAA to pay $550 monthly rent and honor its $250,000 construction contribution pledge, the response states.

But after the city claimed it could not accept the contribution without jeopardizing the tax-free status of construction bonds for the center, it produced an agreement that dropped all references to the construction pledge.

That document was signed by Cockrell and Godfrey.

The lawsuit states that on May 6, city officials told the agency they had determined a way to use the $250,000 without jeopardizing the tax issue on the bonds. SAAA told the city it could turn over $40,000 it has in a building fund, but $100,000 in federal funds secured for the project no longer were available.

For remaining portion of the article, please click on the link below:

          http://winchesterstar.com/pages/view/memo.html

The perception is that SAAA is in the right after reading this article and makes you wonder, did this situation led to the former City Manager's premature departure?

Fact or Fiction : Berkeley Springs, WV will get a "by-pass" only if ???

Berkeley Springs, WV will get a "by-pass" constructed only if WVU-Healthcare System gets to build the new hospital to replace War Memorial in Morgan County.

[Fact or Fiction]