Elk City, OK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Farmers Union Hospital Association, founded in 1938, is a mid-sized nonprofit in the Health Care sector that reported $52.9M in total revenue in fiscal year 2022. Revenue decreased 20% compared to the prior year. Expenses of $59.4M exceeded revenue, resulting in a 12% operating deficit.
Great Plains Regional Medical Center will distinguish itself as the leader in Western Oklahoma and the Eastern Texas Panhandle for comprehensive, cost effective, high quality healthcare. We will meet the healthcare needs of patients in our service area while achieving cost effective quality outcomes. We will maintain and enhance collaborative relationships with physicians to better serve the healthcare needs of our service area. We will maintain and continually enhance health promotion, patient education and disease prevention for patients in our service area.
Farmers Union Hospital Association, DBA Great Plains Regional Medical Center in Elk City, Oklahoma (hereinafter referred to as GPRMC) is a 62-bed hospital that provides quality health care regardless...
Farmers Union Hospital Association, DBA Great Plains Regional Medical Center in Elk City, Oklahoma (hereinafter referred to as GPRMC) is a 62-bed hospital that provides quality health care regardless of race, religion, creed, sex, national origin, handicap, age, or ability to pay. Reimbursement for services rendered is critical to the operation and stability of GPRMC, it is recognized that not all individuals possess the ability to purchase essential medical services. In keeping with the Hospital's commitment to serve all members of its community, free care and/or subsidized care, care provided to persons covered by government programs at below cost, and health care activities and programs to support the community will be considered whether the need and/or individual's inability to pay exists. Continued on Schedule O.GPRMC served over 1,887 Inpatients that include, Medical, Intensive Care, Inpatient Rehabilitation, Newborns, Swing Bed and Senior Care. These services produced more than 9,207 Inpatient days. During the year we treated 13,131 patients in the Emergency Department. Our Surgical teams performed 3,186 surgeries. GPRMC provides care to persons covered by governmental and other programs as part of its mission to the community. These programs may not pay full charges to the extent reimbursement is below full charges. GPRMC recognized these amounts as contractual adjustments in meeting its mission to the entire community. Also, in recognizing its mission to the community, GPRMC provides services for those unable to pay. Additionally, GPRMC has provided services to others who are either unwilling or unable to qualify for charity care guidelines but who are still unable to pay. Community benefit is also provided by GPRMC by providing reduced price services, free programs offered throughout the year which GPRMC believes will serve a bona fide community health need. See Schedule H for more information regarding these activities.The Hospital provides health care services to patients who meet certain criteria under its charity policy without charge or amounts less than established rates. GPRMC does not pursue collection amounts determined to qualify as charity care, they are not recorded as revenue. The amount of charges foregone for services provided under the Hospital's charity care policy were approximately $78,000 in 2023. Total direct and indirect cost related to these foregone charges were $24,000, based on an average ratio of cost to gross charges.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $52,885,207 | $65,928,678 | -0.2% |
| Expenses | $59,432,690 | $60,585,201 | 0.0% |
| Net Income | $-6,547,483 | $5,343,477 | -2.2% |
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 |
|---|---|---|---|---|---|---|
| J Coffey MD-Chair until | Oct '22 then Member | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kyle Zybach - Secretary | until Oct '22/Chair as of Nov '22 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jeff Jackson - Member until | Oct '22/Secretary as of Nov '22 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Joe Allen - Member until | Oct '22/Vice Chair as of Nov '22 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Erick DeRocher DO | Member/Chief of Staff | 10.00 |
Director
|
$14,300 | $0 | $14,300 |
| Edward Albert | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Paul Kumpf | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jack Morrison DDS | Member until Sept '22 | 1.00 |
Director
|
$0 | $0 | $0 |
| Danny Sprowls | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Roy Greenway MD-Vice Chief | of Staff/Member until Aug '22 | 40.00 |
Director
|
$518,937 | $14,475 | $533,412 |
| Tyson Fisher MD - Medical | Staff/Member as of Sept '22 | 40.00 |
Director
|
$670,984 | $41,416 | $712,400 |
| Daniel Garbarino | Member as of Jan '23 | 1.00 |
Director
|
$0 | $0 | $0 |
| Corey Lively | CEO | 40.00 |
Officer
|
$317,220 | $21,212 | $338,432 |
| Monica R Scott | CFO | 40.00 |
Officer
|
$142,817 | $17,099 | $159,916 |
| Steven Winham MD | Surgery | 40.00 |
Highest
|
$874,378 | $39,602 | $913,980 |
| Michael Grossman MD | Gastroenterologist | 40.00 |
Highest
|
$301,667 | $14,179 | $315,846 |
| Misty Carter | Chief Human Resources | 40.00 |
Highest
|
$141,652 | $17,097 | $158,749 |
| James Bass MD | Family Practice | 40.00 |
Highest
|
$218,867 | $41,091 | $259,958 |
| Tiffany Dupree DO | Obstetrics & Gynecology | 40.00 |
Highest
|
$322,312 | $26,105 | $348,417 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $52,885,207 | $59,432,690 | $63,686,130 | $-6,547,483 |
| 2022 | $65,928,678 | $60,585,201 | $75,879,737 | $5,343,477 |
| 2021 | $56,684,091 | $55,539,254 | $83,525,987 | $1,144,837 |
| 2020 | $52,306,603 | $54,187,644 | $74,157,151 | $-1,881,041 |
| 2019 | $57,480,886 | $59,385,674 | $62,476,514 | $-1,904,788 |
| 2018 | $51,654,486 | $56,334,160 | $66,339,063 | $-4,679,674 |
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