2016 Annual Report
Posted On: 6/30/2017
In 2015, we debuted the new Midland Health brand and logo, as well as our new mission, vision and core values. Since then,
a few changes have been made and we are already seeing a positive impact on our county health ranking as a result.
In 2016, we built a community garden to provide the community with an affordable way to grow fresh produce and promote
healthy eating. Our garden was created as a template for other organizations to use and build more gardens across Midland.
Plant-based meals are now available on inpatient menus and for sale in The Market, and we have now eliminated free soda
refills and purchased air fryers, a healthier, baked alternative to fried foods. Most importantly, to further the health of our
employees and impact our benefit costs, we have developed a Lifestyle Medicine Program including a 9-week Complete
Health Improvement Program. Stay tuned as we roll out a full lifestyle medicine program for the community in Fall 2017.
Year In Review: 2016
Midland Health will be the healthiest community in Texas.
QUALITY
- Heart Failure Accreditation from The
Society of Cardiovascular Patient Care
- Total Joint Center Blue Distinction
Center+ by Blue Cross Blue Shield
- Certified Knee and Hip Replacement
Center of Excellence by DNV
- First Hospital to Receive Inspired Award
for Values and Cultural Excellence from
Joe Tye, CEO of Values Coach Inc.
CONSTRUCTION
- Renovation of Surgery Center Core area
- Completed new Information Desk
donated by Midland Memorial Hospital
Auxiliary
- Completed implementation/upgrade of
CVOR and Cath Lab HVAC system
- Completed buildout of Legends Park
Medical Office Building
- Completed buildout of Midland Health
Community Garden at West Campus
FINANCIAL
-
Net loss before capital contributions was $33.5 million (this
included a one-time extraordinary item of $30.2 million).
- Contributed Capital and Gifts was $5.1 million, compared to
prior year of $478,580.
- Admissions decreased from the prior year by 4.7 percent, for a total of admissions of 11,649 compared to prior year total admissions of 12,229.
- Net Operating Revenue was $246.9 million, an increase of$2.5 million from the prior year, which was $244.4 million.
- Total Days Cash on Hand improved from the prior year by 4.3 days, for a total day’s cash on hand of 47.7.
- Click here to download our 2016 audited financial report.