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13 June 2009 at 8:34 a.m.
Thank you for the annual report. I just wanted to give you a heads up that who ever built the spread sheet for the presentation of the financials on pages 4 and 5 mixed up the year columns and what the change would be between 2007 and 2008.
The publications shows that TMH had decreases in Total Services Provided between 2007 and 2008 when in actuallity the had increases of $2.9 millioin and an increase in $1.9 million in Net Patient Revenue. TMH should be proud to let the community know that they increased the amount of Charity Care they provided by $300K last year and only had marginal increases in Contractual Adjustments, but the financials presented show the opposite of that.
Likewise, TMH had a total increase not a decrease in Total Revenue of $2 million even after the building impairment and only showed a marginal decrease in net income of $10K.
I think it would be a good idea if the publication company made the appropriate corrections to the financial presentation and reprint this document. It will be around for years and does not reflect what the hospital did in 2008. The CFO did a good job of explaining the financials in his narrative but their presentation undoes his explainations due to their error in printing.
14 June 2009 at 11:13 a.m.
While I thought there was some interesting information in it, I feel maybe there was a better way to spend the money they spent on putting it out. How many people actually looked at it and didn't just throw it in the trash. If people want the information I'm sure there is places they could have looked it up.
15 June 2009 at 5:36 a.m.
I disagree dogfan. I think this is money well spent informing the community about what it did in 2008. It also recognizes individual and group achievement in addition to providing information on how it did in 2008.
16 June 2009 at 9:57 a.m.
You are correct. The column labels “2007” and “2008” are transposed, which gives the appearance that TMH charged less, deducted less, spent less and received less in 2008 than it did in 2007. You are correct that the data as presented is not accurate. In fact, TMH performed better in 2008 than it did in 2007 in nearly every category.
We are actively working to have the data presentation corrected and a new version of the TMH Annual Report will appear online at www.thememorialhospital.com - choose “About Us” and then choose “Annual Report 2008.”
Thank you for your post.
If anyone wishes to discuss this further, please don't hesitate to contact me at email@example.com or by phone at (970) 826-3109.
In addition, TMH will host an annual meeting next Thursday, June 25 from 7 a.m. - 8 a.m. at the Holiday Inn of Craig. Information will appear in the Craig Daily Press and KRAI beginning tomorrow. The event is free to the public, but an RSVP is required.
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