GRMC’s 2013 Annual Report Available

GRMC’s 2013 Annual Report Available

Grinnell Regional Medical Center released its annual report, “Transformation,” that summarizes the hospital’s activities and finances during 2013. The annual report can be found online at www.grmc.us.

This year’s report focuses on the transformation of healthcare both nationally and locally through landmark changes such as the implementation of the Affordable Care Act, advances in medical technology, improvements in standards of care, and the notable concept of keeping people healthy and out of the hospital as much as possible. The report also takes a glance back at 2003 to compare the changes seen at GRMC over the past ten years.

In 2013, GRMC welcomed four new medical staff members: Lauren Graham, MD, internal medicine; Monica Brito, MD, FACOG, obstetrics/gynecology; Lacey Nicol, CRNA, anesthesia provider; Melisa Coaker, MD, sleep medicine specialist, which allowed GRMC to re-open the sleep lab at GRMC for sleep disorder diagnosis.

Additionally, GRMC welcomed George Papineau, PharmD, as pharmacy director. Lisa Hart, PharmD, also joined the pharmacy staff.

New clinics and services offered included Grinnell Regional Mental Health, Manatt Family Urgent Care, and GRMC Auxiliary and Infusion Suite.

“Area residents want and deserve modern diagnostic and treatment equipment to feel confident that they receive the best care. GRMC chose to invest in these technologies for the benefit of area residents,” says Bill Menner, chair of the GRMC Board of Directors. “With significant lead gifts to the Moving at the Speed of Life comprehensive campaign, we were able to move forward with several projects that GRMC would otherwise not be able to fund without community financial support.”

GRMC admitted 1,604 inpatients and 144,790 outpatients in 2013, including laboratory procedures, radiology procedures, chemotherapy procedures, sleep studies, and surgical procedures.

Total operating revenue from all sources totaled more than $42,814,657 – this includes patient charges, grants, and other revenue. However, the medical center is not able to collect all the patient charges, primarily due to Medicare and Medicaid reimbursement policy and commercial insurance deductions. Because of the size and location of the medical center, GRMC is severely disadvantaged compared to other rural hospitals in Medicare payments. In 2013, GRMC had total expenses of $44,920,894, which brought GRMC to end the year with a loss of $2.1 million.

“Despite the financial challenges GRMC faced in 2013, the organization continued to provide high quality, safe, and efficient care,” says Todd Linden, GRMC President and CEO. “GRMC was again recognized by The Leapfrog Group and by AARP magazine as one of the nation’s safest hospitals. We are very proud of these distinctions.”

For the complete financial report, the lists of donors, and successes in 2013, go to www.grmc.us. Click on the “About Us” link, then the “Annual Reports” link.

For a printed copy of our donors or more information, please contact Jan Veach, GRMC office of communications and development, at jveach@grmc.us or 641-236-2946.

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