Vim & Vigor - Fall 2013 - Phelps County Regional Medical Center - (Page 8)
Foundation
Making a Case for
Medicare Money
With federal funding for healthcare shrinking, the state is missing out on
chances to gain financial assistance. PCRMC is working to change that
By Amy Wilson
H
ealthcare finance may not be the easiest concept to understand, but it doesn’t
take much experience to realize that if
almost 60 percent of a hospital’s revenue
comes from the federal government, any reductions
to that revenue stream will likely have an effect.
When CEO John Denbo was asked how he would
deliver a state of the union address regarding Phelps
County Regional Medical Center (PCRMC), he noted
that while the hospital is in a strong financial position, a decrease in payments from the federal government is pushing the hospital into uncharted territory.
“We are really trying hard to absorb those cuts by
becoming more efficient and effective while maintaining and improving the quality and safety of the
care we provide, but the cuts are coming so fast,”
he says. “There doesn’t seem to be an endpoint to
the cuts.”
The uncertainty of the depth of the cuts has
forced hospital administrators to delay employee
pay increases—normally given in May—until the
organization’s financial situation is reevaluated
in September.
“We are telling our employees that for the first
time in as many years as I can remember that we
have to put them on notice that they may not receive
a wage increase,” Denbo says. “Over the last year, we
have trimmed our workforce by almost 100 FTEs
[full-time employees] by people leaving and not being
replaced. That is a direct negative economic impact
to our community, and we will need to continuously
look for ways to do more with less.”
The funding issue has hit a boiling point as a result
of efforts to implement the Patient Protection and
Affordable Care Act, also known as Obamacare.
Continued on Page 49
“We are really trying
hard to absorb those
cuts by becoming more
efficient and effective while
maintaining and improving
the quality and safety of
the care we provide.”
8
Fa l l 2 013
Table of Contents for the Digital Edition of Vim & Vigor - Fall 2013 - Phelps County Regional Medical Center
Vim & Vigor - Fall 2013 - Phelps County Regional Medical Center
Contents
Opening Thoughts
Up to the Challenge
The Fight of Her Life
Foundation
Step It Up
Your Mightiest Muscle
Well, Well, Well
Are You Doing More Harm Than Good?
Is Your Shut-Eye Serving You Well?
On the Cover
Anatomy of an ER Visit
Next-Gen Surgery
Attack from Within
Virtual Health
Show Me Better Health
Auxiliary
Calendar
Vim & Vigor - Fall 2013 - Phelps County Regional Medical Center
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