2015 Annual Report

By now, hopefully you have noticed the new Midland Health logo around town and in our educational materials. It was officially unveiled at a special hospital week ceremony in May of 2015.

Much more important than the rollout of the new logo is what it stands for. Our new mission, Leading Healthcare for Greater Midland, primarily means that we are accepting the responsibility to coordinate the resources it takes to make us the healthiest community we can be. We are expanding our footprint to include a bigger collection of provider entities through which we will carry out the mission. As we are directly involved with more physician practices, partnerships, subacute providers, etc., it will be increasingly important to let our community know we are all part of one big healthcare family, working closely together to care for our neighbors.

Year In Review: 2015

Midland Health is putting a new mission into action.

QUALITY

• American Heart Association/American Stroke Association Heart Failure Gold Plus Achievement Award
• American Nurses Credentialing Center Pathway to Excellence Designation (now a two-time designated hospital)
• ACTION Registry - Get With The Guidelines (GWTG) Platinum Performance Achievement Award from the American College of Cardiology Foundation
• American Heart Association Mission: Lifeline SilverReceiving Center Award  

CONSTRUCTION

• Completed the renovation and relocations of Human Resources, Business Office, Medical Staff Offices and Physician Lobby.
• Completed the build out of the new MCHD Police Department.
• Completed renovations of the Abell Hanger Courtyard.
• Renovated multiple physician office practices.

FINANCIAL

• Net loss, before capital contributions, was $10,736,658, compared to the prior year's net income of $1,848,697.
• During fiscal year 2015, the overall cash position declined from the prior year by 27.6 days, as a result in delayed funding from the Waiver Program and a decrease in overall reimbursement from Medicare/Medicaid programs.
• Admissions grew by 4.6 percent, as did outpatient volume. This resulted in a 1.14 percent increase in net operating revenues.
• Click here to download our 2015 audited financial report.