Wenatchee, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Confluence Health System, founded in 2012, is a major nonprofit that reported $139.0M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring.
Improving health by providing high-quality care in a compassionate and cost-effective manner.
Confluence Health provides the administrative and shared functions as follows:A. Maintain the availability and access to high quality, cost-effective healthcare services for the North Central...
Confluence Health provides the administrative and shared functions as follows:A. Maintain the availability and access to high quality, cost-effective healthcare services for the North Central Washington (NCW) community;B. Improve coordination of limited health care resources and maximize the efficiency of the health care system to achieve the most cost-effective care that can be delivered;C. Preserve NCW community control over important care decisions and ensure NCW community involvement in the development of the medical infrastructure and oversight of the NCW community healthcare delivery system;Continued on Schedule OD. Enhance the patient-physician relationship and maintain the high quality of care and breadth of services the NCW community currently enjoys;E. Improve teamwork and integration across the continuum of care and ensure that physicians and other healthcare providers lead clinical designs and clinical decisions;F. Ensure that physicians and administrative leaders have a shared vision regarding the NCW community health care delivery system;G. Ensure that the NCW community economy, jobs, and business partners are preserved and can grow with the region in a responsible way;H. Develop a high performing integrated health care delivery system for the NCW community that could apply for and be successful with contracts from Medicare so that the newly created health system can be identified as an accountable care organization if so desired and position the health system so that it could contract for the overall system of care and be successful with a newly developed risk contracts being offered by commercial insurers;I. Establish, equip, operate and maintain benevolent and charitable institutions for the giving of medical and surgical care to the sick, wounded, and suffering irrespective of sex, marital status, disability, color, race, religious belief, sexual orientation, economic status, or pecuniary circumstances; andJ. Carry on any educational activities, related to the rendering of care to the sick and injured or the promotion of health which, in the opinion of the Board of Directors of the health system may be justified by the facilities, personnel, funds or other requirements that are or can be made available in accordance with the laws of the state of Washington.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $139,024,254 | $284,152,765 | -0.5% |
| Expenses | $139,394,670 | $277,867,261 | -0.5% |
| Net Income | $-370,416 | $6,285,504 | -1.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Doug Shae | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cori Bautista | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gus Heinicke | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Abe Sorom MD | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dave Balcom | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mabel Bodell MD | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Garn Christensen | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jenny Cravens | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Vanessa Gutierrez | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Greg Hamilton | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Jorgensen MD | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| James Murray MD | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Catherine Ridgeway MD | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Vicky Scharlau | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael Tuggy MD | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Tom Tuszynski MD | Board Member (January) | 1.00 |
Director
|
$0 | $0 | $0 |
| Mitchell A Garrison MD | Board Member (January) | 1.00 |
Director
|
$0 | $0 | $0 |
| Andrew Jones MD | Chief Executive Officer | 50.00 |
Officer
|
$0 | $0 | $0 |
| Thomas J Legel | Chief Financial Officer | 50.00 |
Officer
|
$0 | $0 | $0 |
| Katina Maier | Chief People Officer | 50.00 |
Officer
|
$0 | $0 | $0 |
| Glenn Adams | Chief Operations Officer | 50.00 |
Officer
|
$0 | $0 | $0 |
| Robert J Pageler | Chief Information Officer | 50.00 |
Officer
|
$0 | $0 | $0 |
| Jason Lake MD | Chief Medical Officer | 50.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $139,024,254 | $139,394,670 | No data | $-370,416 |
| 2022 | $284,152,765 | $277,867,261 | $80,488,899 | $6,285,504 |
| 2021 | $240,323,017 | $254,690,118 | $117,607,659 | $-14,367,101 |
| 2020 | $241,230,378 | $224,830,302 | $82,309,157 | $16,400,076 |
| 2019 | $222,550,508 | $220,724,753 | $54,431,988 | $1,825,755 |
| 2018 | $189,695,886 | $183,251,710 | $51,171,129 | $6,444,176 |
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