Mayo Regional Hospital - Annual Report

A newsletter of health information from Mayo Regional Hospital * Annual 2005

2005 Annual Report from HAD 4
Mayo Regional Hospital strengthened its network of physician offices during 2005, adding new medical providers at five locations and constructing a new building for Milo Family Practice.

Mayo worked with the Town of Milo to construct the new medical office building in that community, the first occupant for the Eastern Piscataquis Business Park. Work began in August on the 5,200-square-foot structure, with Mayo financing the $657,000 cost.

Mayo also reached agreement with the Town of Dexter to purchase the Hewitt building, which has housed the hospital’s Dexter Internal Medicine practice, and has plans for significant improvements there. In addition, the hospital took over ownership of the former Penquis Orthopaedics practice and renamed it as Mayo Orthopaedics. All former employees, including orthopaedic surgeons Richard Swett, M.D. and “Skip” MacDonald, Jr., M.D., now work for Mayo.

The hospital in May recruited family practice physician Raymond Fluke, M.D. A native of Liverpool, England, Dr. Fluke splits his time between Guilford Medical Associates and Corinna Family Practice.

Mayo added a second obstetrician and gynecologist, Nancy Driscoll, M.D., over the summer. Dr. Driscoll now practices with Deb Surette, M.D. at Mayo Women’s Health.

Three mid-level providers joined the Mayo system over the summer months at locations in Dexter and Corinna. Wendy Dicranian, a family nurse practitioner, works at Dexter Family Practice, while physician assistants Karen Godin and Eliza Currie are at Corinna Family Practice and Dexter Internal Medicine.

The hospital also enhanced services in several other areas. Mayo’s Emergency Medical Service took over management of the Corinna Ambulance, the hospital’s Counseling Program received a mental health agency license to broaden its previous focus on drug and alcohol treatment, and the lineup of outpatient specialty clinics grew to include a rehabilitation medicine clinic offered by physiatrist Peter Arabadjis, M.D.

The hospital enjoyed an excellent financial performance, finishing the fiscal year with an operating gain of $3.8 million. The Board of Directors approved a budget for the upcoming year that meets financial requirements for the second consecutive year without a rate increase.

Mayo finished the year with 307 full-time equivalent workers and contributed over $17 million in salaries and benefits to the local economy. Mayo is now the Penquis region’s third-largest employer.

Hospital Administrative District 4 Board of Directors
Abbot Heather Weymouth Atkinson Irene White Bradford Gregory Bowler, President Cambridge Evelyn Farrar Dexter Patricia Tobin, Vice President Albert Tempesta, Secretary Kathy Goerlitz Dover-Foxcroft Robert Pomeroy, Treasurer Richard Carrier Norman Higgins	Guilford Dolores Curtis Alvin McDonald Monson Sue DeLoia Parkman Candice Cyr Sangerville Ellen Haley Sebec Ruth Nason Willimantic Jeff Morin

Financials

Hospital Administrative District 4, d/b/a Mayo Regional Hospital

Statements of Revenues, Expenses and Changes in Net Assets

2005 2004

Net Patient Service Revenue $31,717,892 $28,141,0144

Other Operating Revenue 1,303,323 1,161,324

Total revenues 33,021,215 29,302,338

Operating Expenses:

Personnel Services 14,091,90 12,293,364

Employee Benefits 2,995,739 2,360,146

Purchased services 2,811,924 3,029,343

Supplies and other direct expenses 8,167,293 7,109,177

Depreciation and amortization 1,152,709 1,201,729

Total operating expenses 29,218,855 25,993,759

Operating income (loss) 3,802,360 3,308,579

Nonoperating revenues (expense):

Investment income 192,462 126,235

Interest expense (378,407) (399,467)

Net increase in fair value of investments 80,798 47,171

Noncapital contributions 92,078 162,420

Net nonoperating expenses (13,069) (63,641)

Income (loss) before other revenues 3,789,291 3,244,938

Other revenues:

Additions to permanent endowments 3,524 251,304

Increase (decrease) in net assets 3,792,815 3,496,242

Net assets, beginning of year 14,731,027 11,234,785

Net assets, end of year $18,523,842 $14,731,027

2005 Key Statistics

Admissions: 1,323

Patient days: 4,368

Daily patient census: 12.0

Average length of stay: 3.3 days

Births: 183

Surgical procedures: 2,426

Radiology exams: 21,322

Laboratory tests: 111,665

Physical therapy procedures: 10,974

Cardiopulmonary treatments: 8,506

Oncology visits: 1,102

Counseling services: 841

Emergency room visits: 12,319

Ambulance runs: 2,496

CT scans: 2,692

Occupational health visits: 3,430

ACLS/Cardiac rehab visits: 1,367

Physician office visits: 43,253

Full-time equivalent employees: 307

Total salaries/benefits: $17,086,929

Charity care provided: $751,200