Fourth Quarter Initiative Graphs

Financial Performance
Improvement Plan

Fiscal Year 2017-2018

4th Quarter Data

315 W. Hickory Street
Sylacauga, AL 35150
256-401-4000
www.cvhealth.net

Initiative #1

Development of a more robust locally

supported Cardiology Program

Responsibility

Glenn Sisk, CEO

Amy Price, CNO/COO

Vanessa Green, CBDO

Andy Gill, Director of Imaging

Tonya Henderson, Director of Nursing

Bottom Line Impact:

FY 2017: $353K $394,276

350K

300K

250K

200K $228,443
150K
$165,833

100K $74,784 $91,049 4th Quarter

$83,334 ($8,550) 3rd Quarter $105,801
$105,801 $352,670
1st Quarter 2nd Quarter $246,869
GOAL: $35,267 $105,801
YTD: $141,068

Initiative #2

Expanded New Vision Service

(Medical Stabilization Inpatient Program)

Responsibility

Amy Price, CNO/COO

Vanessa Green, CBDO

Donnell Lewis, Program Director

Ammar Aldaher, MD, Medical Director

Bottom Line Impact:

FY 2017: $150K $166,622

150K

125K

100K $101,039

75K $68,952 $65,583

50K $32,087 3rd Quarter 4th Quarter
25K
$10,638
$21,449
2nd Quarter
1st Quarter

GOAL: $16,430 $36,088 $45,641 $52,193
YTD: $52,517 $98,158 $150,351

Initiative #3

Blue Cross/Blue Shield Rate Increase

Responsibility

Roland Thacker, CFO
Amy Price, CNO/COO

Heather Bennett, Director of Case Management
Jeff Wood, Infection Control

Bottom Line Impact:

FY 2017: $750K

750K

625K $664,233

500K $528,284

375K $413,825
250K
$269,921

125K $143,904 $114,449 $135,949

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

GOAL: $187,500 $187,500 $187,500 $187,500
YTD: $375,000 $562,500 $750,000

Initiative #4

Clinical Documentation Management Program

Responsibility

Amy Price, CNO/COO

Roland Thacker, CFO

Darlene Reaves, CDMP Specialist

Heather Bennett, Director of Case Management

Sandy Murchison, Director of HIM

Bottom Line Impact: $648,546

FY 2017: $569K

570K

475K $503,229
380K
$408,470

285K $291,403

190K $145,317

95K $117,067 $94,759

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

GOAL: $142,250 $142,250 $142,250 $142,250
YTD: $284,500 $426,750 $569,000

Initiative #5

Expand Special Reference Lab Services

Responsibility

Glenn Sisk, CEO
Amy Price, CNO/COO
Roland Thacker, CFO

Bottom Line Impact:

FY 2017: $225K $527,730

$490,286

$396,805

225K

$220,376

180K $176,429

135K

90K $93,581

45K $37,444

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

GOAL: 0 $75,000 $75,000 $75,000
YTD: $75,000 $150,000 $225,000

In Progress Initiative #6
Dr. Nix Moving 6/19
Leaving available space to beLease Revenue Opportunity—Childersburg Clinic
marketed for lease
Dr. Nix’s relocation 6/19/17Responsibility
Available space to be marketed
Christy Knowles, CHRO
Vanessa Green, CBDO
Keith Knox, Director of Facilities

Bottom Line Impact:

FY 2017: $20K

20K

0

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Initiative #7 $416,494

Employee Benefits

Responsibility

Christy Knowles, CHRO
Janean Crawford, HR Manager
Greg Crane, Director of Pharmacy

Bottom Line Impact:

FY 2017: $225K

225K Measurement begins $186,982 $287,493
180K January 1 $100,511
135K $129,001
90K

45K 2nd Quarter 3rd Quarter 4th Quarter

1st Quarter

Initiative #8

Drug Distributor Change

Responsibility

Roland Thacker, CFO
Amy Price, CNO/COO
Christy Knowles, CHRO
Greg Crane, Director of Pharmacy
Randy Stephenson, Director of Materials Management

Bottom Line Impact:

FY 2017: $150K

$205,130

150K Measurement begins
January 1
$131,090

120K

90K $74,040

60K $27,443 $46,597

30K 2nd Quarter 3rd Quarter 4th Quarter

1st Quarter

Initiative #9

Anesthesia & Emergency Services

Responsibility

Amy Price, CNO/COO
Karen Varner, Director of Surgical Services

Nancy Hill, Nursing Director ER

Bottom Line Impact:

FY 2017: $125K

$158,219

125K
100K
75K

50K $51,862
25K
$18,763 $(7,495)
1st Quarter
2nd Quarter 3rd Quarter 4th Quarter

Initiative #10

Horizon Health Behavioral Services

Responsibility

Amy Price, CNO/COO
Roland Thacker, CFO
LaJuanna Webb, Program Director

Bottom Line Impact:

FY 2017: 160K

160K $162,577 $155,278

128K

$113,357

96K

64K $56,184 $49,220 $(7,299)

$57,173 2nd Quarter 3rd Quarter 4th Quarter

32K

1st Quarter

Initiative #11

Potential Rockford Clinic Closure

Responsibility

SCHA Board
Glenn Sisk, CEO
Vanessa Green, CBDO
Roland Thacker, CFO

Bottom Line Impact:

FY 2017: $66K

60K

50K

40K

30K
Under Board
20K Review

Under Board
Review

Under Board
Review
Board did not approve

Increase Marketing efforts
10K
2nd Quarter 3rd Quarter 4th Quarter
1st Quarter

Initiative #12

Potential Sale of Post-Acute Services

Responsibility

Glenn Sisk, CEO
Amy Price, CNO/COO
Roland Thacker, CFO

Bottom Line Impact:

FY 2017: $2.55 M - $4.25 M

5M Under Board
4M Review
3M
Under Board
2M Review

Under Board
Review
In progress

Offers under review
1M
2nd Quarter 3rd Quarter 4th Quarter
1st Quarter

Initiative #13

Potential Sale of Medical Arts Office Building

Responsibility

Glenn Sisk, CEO
Christy Knowles, CHRO
Roland Thacker, CFO
Keith Knox, Director of Facilities

Bottom Line Impact:

FY 2017: $300K

300K

0 Contingent upon
Post Acute Sale
1st Quarter Contingent upon
Post Acute Sale
Contingent upon
Post Acute Sale

2nd Quarter 3rd Quarter 4th Quarter

Initiative #14

Potential Land Sale
Main Avenue Property

Responsibility

Glenn Sisk, CEO
Christy Knowles, CHRO
Roland Thacker, CFO
Keith Knox, Director of Facilities

Bottom Line Impact:

FY 2017: TBD

TBD

In Progress
Contingent upon
Post Acute Sale
Contingent upon
Post Acute Sale
Contingent upon
Post Acute Sale
0
2nd Quarter 3rd Quarter 4th Quarter
1st Quarter

Initiative #15

City of Sylacauga Cash Contribution

Responsibility

City Council
SHCA Board
Glenn Sisk, CEO
Roland Thacker, CFO

Bottom Line Impact:

FY 2017: $2.0 Million

2.0M

City Leadership
Transitional Decision

City Leadership
Transitional Decision

City Leadership
Transitional Decision

No longer an
opportunity

0 2nd Quarter 3rd Quarter 4th Quarter

1st Quarter

Initiative #16

Cost Accounting System

Responsibility

Roland Thacker, CFO
Janice Brown, Controller

Bottom Line Impact:

FY 2017: TBD

TBD

Completed

0 2nd Quarter 3rd Quarter 4th Quarter

1st Quarter

Initiative #17

Engage Consultant for Operational Assessment

Responsibility

SHCA Board
Management Team
Senior Leadership

Bottom Line Impact:

FY 2017: TBD

TBD
In Progress
Pending Final Report
Under Board Review
Community Hospital Corporation

Issued Final Report
0
2nd Quarter 3rd Quarter 4th Quarter
1st Quarter