Quakertown Hospital Reports Second Highest Growth Amongst Suburban Philadelphia Hospitals
Second Highest Growth Among Suburban Philadelphia Hospitals
St. Luke's Quakertown Hospital Reports Third Straight Year of Profitable Margins in Fiscal Year 2007
Operating Margin Increases Reported in PHC4 Financial Analysis Reports
According to the Pennsylvania Health Care Cost Containment Council (PHC4) Financial Analysis 2006 report, St. Luke's Quakertown Hospital reported the second highest growth in net patient revenue amongst suburban Philadelphia hospitals, with a 13 percent increase. This comes on the heels of a 17 percent increase reported in last year's summary. The hospital also closed out fiscal year 2007 with an operating income of $711,000, which is up more than 4 percent from the previous year's profit. This is the third profitable year in a row for the hospital. Sustainable growth continues to increase the hospital's ability to invest in critical clinical and health information technology, infrastructure, equipment and staff.
Through an exclusive partnership with GE Healthcare and with millions invested, St. Luke's Quakertown Hospital offers world class radiology equipment, bringing the most advanced imaging technology to the Upper Bucks community. Most recently the hospital installed the most advanced digital mammography system available today. GE Senographe Digital Mammography systems provide the highest image quality with minimal radiation exposure, offering enhanced detection of breast cancer for women under 50 ; women with heterogeneous, large or dense breast tissue; and pre- or perimenopausal women (ACRIN 2006). The hospital also recently upgraded its radiology suite to offer breast MRIs as yet another state-of-the-art defense in the fight against breast cancer.
In addition to imaging technology, St. Luke's is using its positive bottom line to bring more services to the community it serves. In November of last year, St. Luke's Quakertown announced that it would be building a new outpatient center in the Upper Perkiomen Valley. The new outpatient facility will cost approximately $7.5 million. The St. Luke's Upper Perkiomen Outpatient Center will bring additional clinical services to the community in the form of laboratory testing, physical therapy, radiology, primary and specialized care.
The hospital also recently upgraded its ambulatory procedure unit (same-day surgery) and neurocardiovascular laboratory. It has additional plans to upgrade its medical surgical and intensive care units, as well as the cafeteria over the next year.
Hospital president Ed Nawrocki says a positive operating margin also helps to attract top notch physicians to the Upper Bucks community. "We continue working to attract physician specialists who offer services not typically found at a community hospital. In the past year alone we recruited over 30 new doctors to our medical staff. Some of their fields include perinatology, neurosurgery, rheumatology, thoracic surgery and pain management, just to name a few."
"Of course we’re delighted to be recognized for our growth and positive financials. As a nonprofit organization however, we make money in order to be able to live our mission: To provide compassionate, excellent quality, cost effective healthcare to residents of the communities we serve regardless of their ability to pay," Nawrocki adds.
This past year, St. Luke's Quakertown Hospital had the highest percentage of uncompensated care of any hospital in the suburban Philadelphia region at 3.38 percent, according to PHC4 2006 report. This equates to $5.5 million in charges in 2007 (an equivalent of $1.5 million in net revenue).
Nawrocki also attributes excellent patient satisfaction scores to the hospital’s ability to attract quality employees. "Our employees work hard every day not only to provide quality medicine but to make sure patients are comfortable and happy. Our patients continuously tell us that they feel like they are with family here. We put a tremendous emphasis on making things simple and convenient. We strive to provide the best service around," Nawrocki concludes.
St. Luke's Quakertown Hospital Emergency Department has averaged in the 90th percentile ranking for patient satisfaction for fiscal year 2007. Patient satisfaction surveys are conducted and reported by Press Ganey, the health care industry's leading independent vendor of satisfaction measurement. Press Ganey measures hospitals on a quarterly basis.
Hundreds of dedicated employees and volunteers, and more than 250 physicians representing over 40 specialties provide care to more than 76,000 people annually at St. Luke's Quakertown Hospital. Most outpatient appointments are accommodated within 24 to 48 hours of making an appointment with results returned, in most cases, within the same timeframe.
To make an appointment, call 215-538-4575.