MMH Financial Health Continues Positive
Massena Memorial Hospital officials had positive financial news to share with the Board of Managers Monday evening at their monthly meeting. Chief Financial Officer Pat Facteau reported the hospital has a net gain of $102,806 for the month of September compared to a minor gain of $71,163 in 2015. Year-To-Date, the hospital continues to outperform its Operating Budget and prior year performance. MMH has a net gain from operations of $913,122, versus a loss of $81,829 last year – a $1 million improvement.
“Operating Revenue is up 3% and reflects more services provided. Key to this is the addition of six physicians who have joined MMH’s Multi Specialty employed group. One example of the impact of new physicians is the growth of Cardiology Services which has doubled the number of patients seen compared to the prior year,” said Facteau . Volumes are up compared to the prior year in other key areas including the Emergency Room (3%), the North Country Women’s Health (14%) and the Walk-In Clinic (26%) This translates to better financial performance particularly an improvement of Days Cash on Hand, which has grown to 55 verses 31 Days Cash on Hand in 2015.
Bob Wolleben, Chief Executive Officer said, “At MMH we pride ourselves on being a trusted provider of compassionate care to our neighbors and community members. The physicians we have recruited are committed to this goal ensuring quality care is provided right here in Massena”
The CEO continued, “I am pleased to report this progress which reflects the combined efforts of our talented staff. MMH is going in the right direction and appreciate the trust the community affords us as their hospital of choice. The healthcare world is always changing and we need to focus beyond today to years from now so that MMH continues to serve our communities proudly. A continued focus is to bring additional talented physicians, primary care and specialists such as, Dr. Aderonke Adeniyi, Cardiologist Massena (Cardiology); Family Medicine Physicians Dr. Matthew Prionas and Dr. Rohit Barreto (MMH Medical Group), Dr. Dalkeith Facey, General Surgeon (MMH Surgical Group) and Dr. Jeffrey Greenberg, OB/GYN, (the North Country Women’s Health), to the medical staff to increase the number of patients we can serve.”
Wolleben added, “We continue to move in the positive direction, but need to be very focused on continuing challenges. Among these is the Delivery System Reform Incentive Program, the redesign of how Medicaid patients are cared for. This program reduces inpatient admissions and Emergency Department visits. DSRIP is moving into a new phase which puts MMH’s Medicaid reimbursement at risk.
Wolleben also noted that continued uncertainty at the Federal level with policy changes affecting Medicare reimbursement is an ongoing threat to MMH. Policy decisions which recalculate payments that have already been paid to MMH may result in multi-million dollar repayments to Medicare. Healthcare reform at the federal and state levels is prompting the shift from volume to value, demanding providers to coordinate care across the healthcare spectrum. “In short, at every turn MMH’s revenue is under attack by Federal & State decision outside of our control”
“We continue to focus on the future to ensure MMH is a place where patients want to come, physicians want to practice, our employees want to work and of course where our community chooses their medical and healthcare,” Wolleben added.
Massena Memorial Hospital is an accredited, 50-bed facility located in Massena, NY; with satellite clinics located Brasher Falls, Norfolk and Louisville. MMH is the only municipal hospital owned by its town in New York State. With a medical staff of over 45 and over 400 employees, MMH's mission rings true today, as it did in 1952 when it opened its doors, is to provide quality care within a primary/acute health care environment by a professional staff in a compassionate, cost effective manner.