Texas Health Resources

What it reported doing in 2024

Texas Health Presbyterian Hospital Plano ("THP") is a 386-bed facility that has served the cities of Plano and surrounding communities since its opening in 1991. A destination for high acuity neurosurgery, stroke, heart and vascular, and orthopedic care, THP is designated as a Primary Heart Attack Center, Comprehensive Stroke Center, and holds Advanced Certification for Total Hip and Knee Replacement from The Joint Commission. In addition to prioritizing these services, the Magnet-designated hospital places a focus on breast care, cancer care, digestive health, and women & infant's care, among other service lines. Texas Health Seay Behavioral Health Plano, located on the campus, provides inpatient and outpatient behavioral health therapies. A Level II Trauma Center, THP also holds Level IV Comprehensive Maternal Care and Level IV NICU Advanced designations. To keep up with rapid growth in Collin County, Texas Health is investing into the facility, adding an eight-story bed tower. See "SYSTEM FACILITIES AND OPERATIONS OVERVIEW - Strategic Plans and Recent Developments" herein for further details on the expansion. THP has more than 1,700 employees and over 1,300 physicians on its medical staff in more than 65 specialties. During this year, THP had 101,627 patient days, 19,886 discharges, 3,100 births, 95,572 outpatient encounters, and 54,850 emergency room visit. THP provides quality medical healthcare services regardless of the patient's race, creed, sex, national origin, handicap, age, or ability to pay. THP provides care to persons covered by governmental programs, including Medicare and Medicaid, for reimbursement that does not always cover the cost of providing the care. THP also provides charity care to patients who are unable to pay for the services they receive.

Financial Efficiency

• Mission deployment rate: 69.7%; rating input score 70
• Program expense ratio: 83.2%; rating input score 83
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th 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: 55.7%; rating input score 56; 11th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 80%; rating input score 80; 28th 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: 16.1%; rating input score 83; 83rd percentile among comparable filings
• Total-asset coverage ratio: 0.58; rating input score 22; 22nd percentile among comparable filings
• Liabilities to assets ratio: 0.18; rating input score 72; 72nd percentile among comparable filings
• Officer compensation ratio: 1.4%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings
• Revenue growth: 3.8% per year; rating input score 100; 31st percentile among comparable filings
• Asset growth: -6.3% per year; rating input score 0; 2nd percentile among comparable filings