Hc 466 Financial Analysis
Analysis of the Health Care Foundation of Greater Kansas City
HC 466 - Plan & Org Comm Hlth Services
Mission Statement and Vision The Health Care Foundation (HFC) of Greater Kansas City is dedicated to the mission of providing leadership, advocacy and resources that eliminate barriers to quality health for uninsured and underserved in our service area. Our vision is simple - Healthy People in Healthy Communities (Unknown, 2008)!
Company Background In operation since July of 2003, Health Midwest, a regional nonprofit health care provider which owned or leased 11 general acute care and behavioral health centers in Missouri and Kansas, entered into an Asset Purchase Agreement with Hospital Corporation of …show more content…
The pharmacy division receives payment of services mainly from government programs (Medicare and Medicaid) as well as non-government resources (commercial insurance, HMOs, preferred provider networks and contracted health providers). Revenue for 2005 was approximately $522 million. Over the last three years this division has received a large portion of its annual revenue from state Medicaid programs and skilled nursing facilities (SNF) from patients insured through Medicare Part A. The remaining revenue is from self/private pay and other types of insurance. The table below demonstrates revenues derived by payor source.
|Pharmacy revenue by payor source. Year ending 12/31/2005 |
|Medicare |Medicaid |Private/other |
|16% |5% |39% |
(Kindred Healthcare, Inc., 2006)
Strategic plan. The goal of the pharmacy division is to continue to maintain and improve its reliability and efficiency of pharmacy services for institutions allowing the expansion of market sharing. The strategies to achieve this goal
HC 466 - Plan & Org Comm Hlth Services
Mission Statement and Vision The Health Care Foundation (HFC) of Greater Kansas City is dedicated to the mission of providing leadership, advocacy and resources that eliminate barriers to quality health for uninsured and underserved in our service area. Our vision is simple - Healthy People in Healthy Communities (Unknown, 2008)!
Company Background In operation since July of 2003, Health Midwest, a regional nonprofit health care provider which owned or leased 11 general acute care and behavioral health centers in Missouri and Kansas, entered into an Asset Purchase Agreement with Hospital Corporation of …show more content…
The pharmacy division receives payment of services mainly from government programs (Medicare and Medicaid) as well as non-government resources (commercial insurance, HMOs, preferred provider networks and contracted health providers). Revenue for 2005 was approximately $522 million. Over the last three years this division has received a large portion of its annual revenue from state Medicaid programs and skilled nursing facilities (SNF) from patients insured through Medicare Part A. The remaining revenue is from self/private pay and other types of insurance. The table below demonstrates revenues derived by payor source.
|Pharmacy revenue by payor source. Year ending 12/31/2005 |
|Medicare |Medicaid |Private/other |
|16% |5% |39% |
(Kindred Healthcare, Inc., 2006)
Strategic plan. The goal of the pharmacy division is to continue to maintain and improve its reliability and efficiency of pharmacy services for institutions allowing the expansion of market sharing. The strategies to achieve this goal