GRMC Annual Report of Operations

Each year, GRMC releases a document that is a compilation of the financial report, donor list, and successes at GRMC. This document is known as the Annual Report of Operations. In 2014, GRMC enjoyed strong community support that enabled the medical center to experience significant successes. All advances were focused on providing better care to area residents. The top 10 list of achievements in 2014 included:

1. Opened the Manatt Family Urgent Care
2. Installed a new Computed Tomography Scanner
3. Installed a new daVinci XI robotic surgical unit
4. Added pulmonary rehabilitation services
5. Launched electronic web-based patient record system (patient portals)
6. Recruited a rheumatology specialist, a second ENT specialist, and two advanced care professionals
7. Earned recognition from Iowa Healthcare Collaborative with an award for quality
8. Expanded Mental Health Care
9. Opened the Paul W. Ahrens Fitness Center in the Postels Community Health Park
10. Dedicated the Marion A. Jones Patient Care Wing

Generous gifts bestowed upon GRMC combined with the total net revenue generated overall revenue of $45,125,435. However, the financial picture at GRMC continued the three-year trend of insufficient reimbursement from Medicare and Medicaid insurances and contractual agreements with private insurance. The total net expenses were $45,213,228; expenses exceeded revenues by $87,793, thus ending the year with a negative operating balance sheet. GRMC remains hopeful that this trend will be rectified by potential changes on the healthcare reimbursement horizon.

Find the complete financial report, list of donors, and successes in 2014 at http://www.grmc.us/donate/who-we-are/annual-report.