DENNISON-Having
come back from about a half million-dollar loss in the year 2000, Twin City
Hospital's CEO is telling the tale of this hospital's road to financial recovery
and its map to the future.
On a cold, snowy
December day in 2000, Twin City Hospital's Board of Trustees, Medical Staff, CEO
and Department Directors met, at the direction of then Board President Blair
Hillyer, to construct a plan to assure that the Hospital could remain open even
in the face of the year's devastating financial losses. Six Ohio hospitals had
already closed that year, and the leadership was determined that Twin City
Hospital would not become the seventh.
With no cash in
the hospital's coffers, plans were made to immediately appeal to the community
for funding support to "help save our hospital." Hospital CEO Fred Makowski
remarks, "At that time, we (Twin City Hospital) were dying financially due to
decreased reimbursement from Medicare and our efforts to build new physician
practices having not yet come to fruition." While the fundraiser was being
conducted, numerous community, church, civic, school and business groups created
their own fundraisers to help the hospital. Hospital management, board members,
physicians, volunteers and employees worked harder than ever to raise funds and
devise crucial management plans to provide for the survival of Twin City
Hospital.
And now in
September 2001, Twin City Hospital is optimistic thanks to the overwhelming
support of the community and a new Medicare reimbursement structure. Makowski
explains, "In January 2001, Twin City Hospital became a critical access hospital
meaning that the Federal government recognizes that it is critical to this
community that Twin City Hospital continue to provide healthcare services. This
recognition allowed the hospital to step into a different reimbursement
structure from Medicare, and we are now receiving more reasonable reimbursement
from the Medicare Program. This new reimbursement structure eventually allowed
our not-for-profit hospital to get back to break even status financially, and
the community's financial support has helped us to recover our losses from
2000."
Makowski states,
"I've never seen a group that has more heart-our employees, board members,
physicians, volunteers and community members. They all stepped in to work to
keep Twin City Hospital going. Persistence typifies the workforce at Twin City
Hospital, and now that we have persevered, we can continue to keep our hospital
growing and moving forward."
Though Twin City
Hospital has survived its losses, fundraising will continue. "As a
not-for-profit hospital, we at Twin City Hospital explore every fundraising
option including everything from chicken bbq type fundraisers to gifts from
grants and foundations. The hospital is currently in the planning stages of
developing its own foundation to raise funds for hospital equipment and other
area healthcare program needs. If we can continue to maintain the wonderful
support we've received locally, we have every reason to believe Twin City
Hospital can continue to grow and thrive," explains Makowski.
In fact, Twin
City Hospital is examining the possibility of building a new hospital with
government funding help. "The hospital's current facilities have approximately
50,000 square feet of space, and we need 100,000 square feet in order to meet
the increasing demand for additional services. We are taking a very serious look
at possibly being able to build a new hospital within the next 3 to 5 years,"
Makowski remarks.
Thanks to the
generous support that Twin City Hospital has received, it is now evaluating its
future goals to a) build a new facility, b) add to the medical staff, c) expand
service offerings, d) enhance technologies, e) become insurance accessible for
more area residents, and f) establish a foundation and increase the ranks of
volunteer supporters.
"I'm very proud
of Twin City Hospital and so very thankful for the support that we've received.
Our hospital is here for area residents 24 hours a day, seven days a week, and
we are looking forward to continuing to provide quality healthcare services far
into the future," states Makowski.