Cobre Valley Regional Medical Center

What it reported doing in 2024

For the year ended 12/31/2024, cobre valley regional medical center (cvrmc) carried out 157,476 patient visits, comprised as: 72,594 hospital outpatient, 15,439 outpatient emergency visits, 67,503 clinic outpatient, and 1940 hospital inpatient.along with providing acute healthcare services to the community as a non-profit entity, cvrmc is committed to being a good community partner to the many communities we serve. Several members of our administration, directors, managers, and staff serve on various community associations including: chambers of commerce, rotary, work force development, economic development, cancer awareness committees, diabetes education, grief support teams, scholarship committees, housing committees, community development, and youth athletic programs, to name a few. Cvrmc has its finger on the pulse of the community, provides charitable care with purpose, and offers educational services and programs for the good of our public.the community health need assessment (chna) was made publicly available in 2023. As we evaluate the recently completed chna and work our community health implementation plan (chip), cvrmc will continue to actively work with other healthcare organizations, be involved with state and federal legislation initiatives, and continue to connect to the communities we serve to address health priorities. Chna implementation progress through 2024 includes: priority 1: chronic disease obesity, heart, diabetes, cancer cvrmc will seek the following actions to address this need: chronic care management, utilize internal and external data to improve patient chronic care management, continue and develop health and wellness education and community outreach, and continue to develop community wellness opportunities and facilities.priority 2: behavioral/mental health cvrmc will seek the following actions to address this need: mitigate the mental health stigma through education and awareness and increase access to mental health services in the communities we serve. Priority 3: substance/drug/opioid/alcohol abuse cvrmc will seek the following actions to address this need: expand access to narcan at cvrmc locations and partner with county and schools to increase awareness.population cvrmc countinues to develop its collaboration with the various providers and agencies focused on services to the elderly. Also, specialty service lines of cardiology and orthopedics have enhanced serivces for health conditions prominent in an aging population, and development of urology is a newly targeted service for this population. Continued awareness training has been provided to hospital leadership and staff on communicating available services to the community, particularly the senior population.as we celebrate over 100 years of service to the globe-miami and surrounding communities, cvrmc continues to evolve with the changing needs of our population base. Healthcare is ever moving and advancing and cvrmc is progressing with the demands of our target markets. Moving beyond the public health emergency (phe), cvrmc provides a community health leadership role to support the community efforts and response to return to development of community health initiatives disrupted by the phe. The experience of the phe confirm that the continued accomplishments in serving cvrmc's needs are a direct result of a dedicated and compassionate workforce, a steadfast board of directors, and strong supporting management team which is focused on one mission the mission of health with high quality, efficient and compassionate care. Cvrmcs strategic plan focus continues to be the following areas: the patient experience (quality and customer service)peoplegrowthcommunityfinancial stewardshipour communities deserve accountability and compassion. We strive to respect and collaborate with all who surround us. We have an earnest responsibility to recognize the needs of our population and to respond to the health priorities facing our population. Cvrmc is c

Financial Efficiency

• Mission deployment rate: 49.6%; rating input score 50
• Program expense ratio: 59.5%; rating input score 60
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 61.1%; rating input score 61; 12th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.9%; rating input score 80; 80th percentile among comparable filings
• Total-asset coverage ratio: 1.77; rating input score 59; 59th percentile among comparable filings
• Liabilities to assets ratio: 0.37; rating input score 48; 48th percentile among comparable filings
• Officer compensation ratio: 2.6%; rating input score 44; 44th percentile among comparable filings

Growth

• Program expense growth: 5.8% per year; rating input score 100; 47th percentile among comparable filings
• Revenue growth: 9.3% per year; rating input score 100; 74th percentile among comparable filings
• Asset growth: 10.7% per year; rating input score 100; 73rd percentile among comparable filings