Mayo Clinic Health System - New Prague

What it reported doing in 2014

Patient care (see schedule o)patient care: mayo clinic health system is a family of clinics, hospitals and health care facilities serving communities in Minnesota, Iowa, Wisconsin and Georgia. As part of mayo clinic, the health system offers care designed for the whole body close to the patient's home, when they need it. A multidisciplinary team of experts has ready access to knowledge, resources, and expertise of mayo clinic and collaborates on providing exactly the care the patient needs. Mayo clinic health system sites employ approximately 1,000 physicians and 15,000 allied health staff. In addition, mayo clinic physicians from multiple specialties regularly see patients at health system facilities. Besides having health care facilities in nearly 70 communities, mayo clinic health system includes 19 owned hospitals, five owned nursing homes, physician service agreements with one additional hospital, and contract management agreements with two additional hospitals and one nursing home. Since its inception in 1992, mayo clinic health system has grown into one of the most successful regional health care systems in the united states. More than 600,000 unique patients account for more than 2.6 million visits annually in mayo clinic health system. It is also a national leader in quality and safety efforts. As our mission states, our organization aims to inspire hope and contribute to health and well-being by providing the best care to every patient through integrated clinical practice, education, and research. Our vision is to achieve the highest standards for medical care and health improvement in the communities in which we live and work. Our first priority is to meet patient needs guided by the core values of integrity, continuous improvement, service, teamwork, innovation, balance and financial integrity.as a member of mayo clinic health system, mchs - new prague provides quality health care close to home with direct access to highly specialized care if the need arises.inpatient services: mchs - new prague is a 25 bed critical access hospital located in new prague, Minnesota. Mchs - new prague had 736 admissions and had 152 births in 2014.outpatient clinic services: a total of 60,000 outpatient registrations were recorded, including lab, radiology, specialty clinic visits, therapy, sleep studies, and ambulatory surgeries. There were 6,800 patients seen in the emergency department.medical staff: mchs - new prague has active medical staff which consists of family practice, women's health, internal medicine, pediatric physicians, er physicians and a general surgeon. Consulting specialists include allergy, cardiology, oral/maxillofacial surgery, ent gastroenterology, infectious diseases, nephrology, neurology, oncology, orthopedics, ob/gyn, ophthalmology, pulmonology, radiology/tele-radiology, gastroenterology, rheumatology, urology, dentistry, and podiatry.uncompensated care: mchs - new prague provides care to persons covered by governmental programs. Services are provided to both medicare and medicaid patients at substantial discounts from standard fees. Mchs - new prague is designated as a critical access hospital and is reimbursed based on its cost of providing services for hospital medicare patients.charity care is also provided for patients that are financially unable to pay for services provided. The cost of charity care provided in 2014 was approximately $207,200.the cost of uncompensated care in 2014 provided to other governmental and low income patients through medicaid was approximately $2,230,000. This amount includes the medicaid surcharge and minnesotacare tax (a program that provides health care for low income populations). The amount of the medicaid surcharge and minnesotacare tax paid in 2014 was $246,044 and $342,441, respectively.the cost of uncompensated care provided through medicare was approximately $800,600.mchs - new prague also provides discounts to uninsured patients. The total discounts given in 2014 w

Financial Efficiency

• Mission deployment rate: 85.3%; rating input score 85
• Program expense ratio: 88.5%; rating input score 89
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 40%; rating input score 40; 7th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.7%; rating input score 54; 54th percentile among comparable filings
• Total-asset coverage ratio: 0.62; rating input score 29; 29th percentile among comparable filings
• Liabilities to assets ratio: 0.21; rating input score 66; 66th percentile among comparable filings
• Officer compensation ratio: 4.3%; rating input score 44; 44th percentile among comparable filings

Growth

• Program expense growth: -2.1% per year; rating input score 0; 20th percentile among comparable filings
• Revenue growth: 2.4% per year; rating input score 100; 36th percentile among comparable filings
• Asset growth: -8.6% per year; rating input score 0; 5th percentile among comparable filings