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