Platte Community Memorial Hospital Inc

What it reported doing in 2024

The purpose of the platte community memorial hospital, inc. Is to provide healthcare services to the community of platte and the surrounding areas. The facility consists of a 17-bed critical access hospital, a 39-bed long-term care facility, and three rural health clinics in platte, geddes, and white lake, South Dakota. Services offered include primary care, emergency, same-day surgery, cardiac rehab, pharmacy, laboratory, imaging, physical therapy, speech therapy, occupational therapy, telemedicine, sleep lab, psychiatry, and numerous specialties via outreach providers. Inpatient and outpatient statistical data for the year were as follows: 485 inpatient days; 312 swing bed days; 12,540 long-term care days; 7,557 outpatient visits; and 10,498 clinic visits.to fulfill its mission of community service, the platte health center avera provides charity care to persons who have healthcare needs and are uninsured, underinsured, ineligible for a government program, or otherwise unable to pay for medically necessary care. Consistent with its mission to make a positive impact in the lives and health of persons and communities by providing quality services guided by christian values, phca strives to ensure that the financial capacity of people who need health services does not prevent them from seeking or receiving care.phca attested to the program year 2024 of meaningful use. This attestation to cms states phca has met and will comply with the requirements for meaningful use. With this, phca has enhanced patient care by implementing an electronic health record system as well as the many patient safety measures that comes with it.

Financial Efficiency

• Mission deployment rate: 70.4%; rating input score 70
• Program expense ratio: 85.7%; rating input score 86
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th 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: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 77.8%; rating input score 78; 14th percentile among comparable filings
• Governance controls: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 20.5%; rating input score 82; 82nd percentile among comparable filings
• Total-asset coverage ratio: 2.22; rating input score 65; 65th percentile among comparable filings
• Liabilities to assets ratio: 0.17; rating input score 63; 63rd percentile among comparable filings
• Officer compensation ratio: 11.1%; rating input score 16; 16th percentile among comparable filings

Growth

• Program expense growth: 3.2% per year; rating input score 100; 27th percentile among comparable filings
• Revenue growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings
• Asset growth: 7.1% per year; rating input score 100; 49th percentile among comparable filings