2017 Annual Report

In 2017, we continued to further our vision to make Midland the healthiest community in Texas by opening a new Lifestyle Medicine Center at our West Campus. This center offers a holistic approach to managing sickness, as well as offering preventative care. The center also offers The Ornish Program - a noninvasive and scientifically-proven program shown to reverse heart disease through diet and lifestyle. We are one of only 4 medical facilities in Texas to offer it. Stay tuned as we continue to expand our lifestyle medicine offerings and roll out a full corporate wellness program in 2018.

Nine new providers were brought to our area including five hospitalists, an interventional cardiologist, a family medicine physician, a pediatrician and a general surgeon—a collaborative effort to further expand our network of healthcare providers. In addition, two neonatologists were brought in from Lubbock to provide 24/7 care for more premature infants who would have previously been transferred out. We also began laying the groundwork for Midland Quality Alliance, a clinically integrated network of healthcare delivery that ties payments to quality metrics and the cost of care. Our network of providers will continue to grow and synergy between hospital staff, primary care providers and post-acute care facilities will ensure each patient has a coordinated plan of care. This can only be made possible with the use of Beacon, our new electronic health record which will go-live in June 2018.

Year In Review: 2017

QUALITY

• Certified Knee and Hip Replacement Center of Excellence by DNV
• Total Joint Center Blue Distinction Center+ by Blue Cross Blue Shield
• Mission LifeLine Non STEMI Bronze Award from American Heart Association
• Silver Beacon Award of Excellence by the American Association of Critical- Care Nurses

CONSTRUCTION

• Completed buildout of Lifestyle Medicine Center at West Campus
• Completed upgrades to Cath Lab equipment
• Completed OR Central Core renovations
• Completed renovations for Texas Oncology Infusion Therapy
• Completed installation of rainwater harvesting tank at the Midland Health Community Garden at West Campus

FINANCIAL

• Net gain before capital contributions was $8.1 million
• Contributed Capital and Gifts was $2 million compared to prior year of $5.1 million.
• Admissions decreased from the prior year by 4.58 percent, for a total of admissions of 11,115 compared to prior year total admissions of 11,649.
• Net Operating Revenue was $258.9 million, an increase of $12 million from the prior year.
• Total Days Cash on Hand improved from the prior year by 8.3 days, for a total day’s cash on hand of 56 days.
• Click here to download our 2017 audited financial report.