craigdailypress.com

AltitudeAdjustment (Anonymous) says…

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.

Thanks,

AA

dogfan (Anonymous) says…

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.

AltitudeAdjustment (Anonymous) says…

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.