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January 23, 2013

CVPH logs $5 million operating loss in 2012

(Continued)

“From a business perspective, that (loss of income) is not good, but it is the right thing to do,” he said. “It’s a good thing, a tough thing for us, but it is a good thing.”

PATIENT NUMBERS

Patient admissions at CVPH dropped from 11,421 in 2011 to 11,211 in 2012.

The total number of days patients stayed in the hospital dropped from 99,547 in 2011 to 96,354 in 2012.

Emergency and outpatient visits both increased in 2012. Just more than 51,000 patients were treated in the ER in 2012, up from 49,660 in 2011. Outpatient visits increased by 438 patients.

AFFILIATION

Much of the meeting focused on the affiliation with Fletcher Allen and how that partnership will translate into improved quality of health care at a reduced cost in years to come.

With four hospitals already in the mix, also including Elizabethtown Community Hospital and Central Hospital of Vermont, Mundy said he would not be surprised to see more hospitals join this and other affiliations in the next few years.

All four members of the regional affiliation have begun to meet to analyze several areas of health care, including finances, human services and planning.

SUPPLY SAVINGS

Joyce Rafferty, vice president of finances for CVPH, noted that the Plattsburgh hospital has set a goal of saving $1 million in supplies and has already reached $250,000 in savings directly related to the affiliation.

“We live in the realm of possible,” Mundy said of the potential he sees in the affiliation.

“How do we make it reality?”

He answered that question by asking the members in attendance to answer two questions: “What are your major concerns related to CVPH’s future,” and “What do you see as the highest priorities for CVPH?”

Using electronic voting devices, the members felt loss of control was the major concern for CVPH and improving quality of care was the highest priority.

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