| Total Community Benefits
 In 2005, Parkview Medical Center provided more than $24 million of community benefits, an increase of $5.7 million from the previous year.
Tax Status Benefits
 As a not-for-profit 501(c)(3) organization, Parkview Medical Center received more than $5.1 million in federal, state and local tax exemptions in 2005. However, over $24 million was given back to the community, or nearly $18.9 million in excess of our exemption. In addition, there are taxes that we are not exempt from and must pay in our normal course of operations, just as any business in the community would. These totaled $5.5 million in 2005 and include non-exempt properties and payroll taxes.
Total Community Benefits by Type2
 Unpaid Medicare discounts made up the largest portion of community benefits in 2005 with $10.2 million, followed by Medicaid discounts at $7.4 million. Charity Care, the next largest category at $5.5 million, increased 61% from 2004. Community programs and services is the smallest percentage for community benefits at $945,000.
1 Cost of providing care for people who have no insurance or are otherwise unable to pay for their healthcare.
2 Difference between reimbursement from Medicaid & Medicare and the actual cost of providing care.
The Flow of the Organization
Parkview Health Systems
It is the mission of Parkview Health System to provide quality health services that improve the health of people and community that we serve.
In carrying out our mission, Parkview Health System will:
- Become a regional network of providers in an organized delivery system that is capable of sharing risk.
- Develop new relationships with physicians and others that align incentives to improve quality and reduce costs.
- Be the leader in quality, outcomes and value as judged by our customers.
- Be the system of choice by patients, physicians, employees, other providers, and payors.
- Develop an information system that links clinical, financial and operational information between all providers in our network.
- Cooperate with other providers to decrease cost and promote health status.
Parkview Foundation
Parkview Foundation was incorporated in 1975 as a Colorado nonprofit corporation and is currently controlled by the Health System. The Foundation is organized to support the Medical Center and other charitable organizations that become a part of the Health System. The sole member of the Foundation is the Health System. The purpose of the Foundation is to promote the fiscal and public stature of Parkview Medical Center. The Foundation is responsible for soliciting, preserving and monitoring the funds it generates for Parkview Medical Center.
Pueblo Health Care
The mission of Pueblo Health Care is to provide our physician partners the highest level of service and support in terms of physician contracting, appropriate educational in-services, and administrative support for the Pueblo Market Area. Understanding that maintaining physician contracts is an ongoing process, all efforts under the model in which we conduct operations will be focused on communication with our physician partners.
Parkview Ancillary Services Corporation
Parkview Ancillary Services Corporation is a wholly owned subsidiary of the Health System and was incorporated in 1988 as a Delaware for-profit corporation. It operates to support the activities of the Health System through profits that it might earn, as well as through activities that, though proprietary in nature, are generally supportive of other Health System activities.
Parkview Medical Center
Parkview Medical Center was founded in 1923 and offers acute healthcare and behavioral medicine specialty services. The Medical Center was incorporated as a Colorado nonprofit corporation in 1983 for the purpose of conducting the day-to-day operations of the hospital facilities. Parkview Medical Center receives tax-exempt status pursuant to section 501 (c) (3) of the Internal Revenue Code and public charity status pursuant to section 509 (a) (1). |