Professional Documents
Culture Documents
H. Mitigation or Elimination of Adverse Effect (º 9
H. Mitigation or Elimination of Adverse Effect (º 9
ITEM
PROJECTED
FINANCIAL IMPACT
TBD
$0
Institute dialogue with top 15 admitters and review documentation and LOS
$0
$0
Other Initiatives
$0
TBD
$0
$0
$0
$0
44 FTEs
Medicare GMLOS Improvement
Other LOS Reduction Initiatives
Productivity Improvement
Premium Pay/Registry Use
$9,810,288
$4,718,288
SUPPLIES
Supplies are 15% of net revenue excluding implants. Reduce by $2 Million
Sodexo Contract Payment Reduction of $750,000.00
$2,750,000
$2,000,000
$750,000
MD CONTRACTS
90-Day Notice for Medical Directors and Hospital Based Physician Contracts/
Reduction
$0.5 Million for Medical Directors
$1 Million for Hospital Based Physician Contracts
$1,500,000
PURCHASED SERVICES
SERVICE LINE/PROGRAM CLOSURE
Casa de Amigos
APLC
Health Benefit Resource Center
Multicultural Health Awareness and Prevention Center
General Orthopedic Clinic
TBD
$2,250,000
$400,000
$450,000
$400,000
$400,000
$600,000
$2,092,000
$2,000,000
$0
$1,000,000
TOTAL
$500,000
$1,000,000
$16,310,288
Mitigation Plan
Facility:
Prepared Date:
SVMC
3/18/2015
$
$
$
$
$
Operating Expenses:
Labor Costs
Reduction In Force (3)
Productivity Improvement
Medicare GMLOS Improvement
Other LOS Reduction Initiatives
Premium Pay Reductions
Service Line/Program Closures
Sub-Total- Labor
$ 4,718,288
$
$ 2,092,000
$ 2,000,000
$ 1,000,000
$ 2,250,000
$ 12,060,288
Non-Labor Costs
Supplies
Professional Fees
Medical Directorships/Stipends
Purchased Services
All Other Items
Sub-Total- Non-Labor Costs
$
$
$
$
$
$
$ 16,310,288
2,000,000
1,500,000
750,000
4,250,000