Grayson County Hospital Foundation

“The chief executive officer and chief financial officer of the hospital are employed by alliant management services and are responsible for controlling management duties.”

“The organization has stockholders. Each share of stock is valued at 25. Stockholders must be at least 18 years old and a resident of grayson county, kentucky.”

“Nine members of the board of directors are elected by the stockholders and the other member is the president of the medical staff (whom is voted on by the medical staff).”

“The form 990 is submitted to the governing board for review and approval before it is filed with the internal revenue service.”

“Corporate compliance requires each employee and board member to update and sign off on a conflict of interest policy on an annual basis.”

“Governing documents are made available upon request.”

“The twin lakes regional medical center (tlrmc) hospital auxiliary exists to support tlrmc in meeting the health care needs of the people it serves in the most caring, compassionate, and effective manner possible. The volunteers support the emotional well-being of the patients utilizing the hospital's services. They provide a friendly, caring and helpful atmosphere for patients and their families, and the hospital staff. Duties include staffing the information desk in the main lobby, providing general hospital information and directions to patients and the public, providing escorts when needed, and delivering flowers to patients. They volunteer in the specialty clinic, outpatient surgery and emergency department. The volunteers operate the gift shop located in the hospital. They make sock monkeys and other stuffed animals for children coming to the hospital. The animals are given to the young patients and their families at no charge. The volunteers raise the money needed to purchase any supplies and donate materials in addition to their time and talents. They give flowers to hospitalized patients on certain holidays and make "santa going home" outfits for all babies born at the hospital in december. The auxiliary has donated thousands of dollars in equipment to the hospital throughout the years.”

“Additional charges are written off due to arrangements with medicare, medicaid, and other third parties. The total unreimbursed charges forgone in fiscal year 2014 due to contractual agreements with payers amounted to 69,677,364. Also, 696,857 was paid as a "provider tax" to the commonwealth of kentucky to help defray the costs of covering indigent patients under a special state program. Write-offs from patients "unwilling" to pay - i.e. Bad debts - accounted for 6,014,848. The primary mission of twin lakes regional medical center is to heal the sick, relieve pain and suffering, and improve the quality of life for the people we serve. Tlrmc's vision is to be recognized by the people we serve as the provider of choice for their health care needs and as a leading force for progressive change within our community. To enhance quality, the hospital actively operates a performance improvement program which helps identify better patient care as well as efficiencies in operations. To enhance our community, tlrmc proves to be a driving force in change by educating the community on health & wellness issues and by recognizing community needs and working to fulfill those needs. The hospital cared for 2,426 inpatients and 92,204 outpatients. To assist those patients with limited resources, tlrmc also offers a patient financial assistance program. There are several options for patients who are uninsured or underinsured, and tlrmc's patient financial services department educates the patients of the different programs. The hospital provided free meeting space to several groups throughout the year and several classes were sponsored by the hospital that educated interested community residents on health & wellness issues. They include: a. C.p.r. To healthcare providers and to the community b. Prepared childbirth and breast feeding classes c. Summer work program available for those interested in a healthcare career d. Countywide baby shower - provides information to women who are pregnant or want to become pregnant e. Sponsors the american red cross blood mobile two or three times each year f. Provided health information at the relay for life g. Co-sponsored the colon cancer awareness event h. "love your heart" expo provided heart health information and free screenings i. Provided community fitness and my plate nutrition classes at several events in the community upon request, the hospital also participates in local education by providing hospital employees as speakers for classrooms or civic organizations such as the following examples: j. Participated in the first baptist church health fair k. Participated in the gchs health fair l. Participated in the head start safety resource fair m. Participated in the grayson county high school career day n. Participated in the breckinridge/grayson county health fair program o. Participated in the horses & hope breast cancer awareness event p. Participated in the community halloween safe spot q. Participated in the wrecc school safety days r. Participated in operation preparation s. Provided speakers for many health fairs, schools, and community events in addition to serving our local community needs, tlrmc has also taken on measures to improve america. By participating in the code green - recycling project, tlrmc hopes to reduce waste and improve the environment. Twin lakes regional medical center's board of directors has pledged to buy american-made products when we can find a product of equal or greater quality. Tlrmc encourages other companies and individuals to do the same.”

“Materials management 1,406,612 0 0 medical & surgical 809,848 0 0 surgery 684,119 0 0 wound care 386,293 0 0 radiology 349,400 0 0 emergency room 316,442 0 0 nuclear medicine 148,068 0 0 mri 131,991 0 0 ct scans 111,873 0 0 sleep center 111,321 0 0 respiratory therapy 107,056 0 0 anesthesiology 87,320 0 0 obstetrics 76,088 0 0 intensive care 65,319 0 0 physical therapy 38,057 0 0 use of donated items 22,526 0 0 specialty clinic 19,532 0 0 infusion center 16,569 0 0 cardiac 10,598 0 0 occupational therapy 1,069 0 0 fitness center 127 0 0”

“Operating loss reported under id 61-1269278 -5,189,512 value of donated items -22,526 donated services -73,711 donated services 73,711 use of donated items 22,526”

“Operating loss reported by tlmf 5,189,512 prior period adj due to gasb 65 223,177 the difference reported is the operating loss reported by twin lakes medical foundation, inc. Ein 61-1269278 (5,189,512) and a prior period adjustment that was required due to the implementation of gasb no. 65 which required bond issuance costs to be recognized as an expense when incurred rather than amortizing these costs over the life of the bond (223,177)- the operating loss is reflected on the reconciliation to the financial statements on schedule d.”