Rising to Meet New Challenges
Parkview's mission is to "provide the highest quality health care to the people we serve." Our vision is "to be the provider of choice for patients, physicians, and employees." Committed to these guiding documents, Parkview completed another successful year.
Since it all began in 1923, Parkview Medical Center has provided millions of dollars in charity care to our community and in fiscal 2018, this important work continued. With the state's expansion of Medicaid, our region, in particular, has seen tremendous growth in the number of Medicaid recipients and the latest county numbers indicate there are more than 60,000 Medicaid recipients. As a result, Parkview's business volume with Medicaid has moved from 14 percent in 2010 to over 28 percent today.
Parkview remains one of two large, independent community hospitals operating in Colorado. Our success can be directly attributed to an outstanding governing board. Parkview Board Members define themselves as Pueblo citizens first and Parkview Board Members second. Maintaining this independence allows the Board and Leadership the ability to prioritize key decisions and commit resources based on the needs of our community.
We Value...
Honesty & Integrity
Accountability
Respect
Teamwork
Stewardship
As the region's largest private employer with more than 3,000 outstanding individuals, Parkview continues to strategically grow. Parkview's Internal Medicine Residency continues to produce top quality physicians. This program was designed to attract and retain much-needed physicians to our region and our success, to date, has been outstanding with more than 60 percent of the graduating physicians opting to stay in Pueblo.
In March of 2018, our competitor, Centura's St. Mary-Corwin Medical Center, surprised our community, including Parkview, announcing massive layoffs of nearly 300 positions and significant reductions in services. This news came just months after St. Mary-Corwin closed its obstetric unit. Immediately after learning this news, Parkview's Board and Leadership initiated efforts to identify the gaps in service facing our community. More importantly, new plans were crafted to address these critical service gaps, and much like was done in obstetrics, Parkview's team will make it work. We are proud to report Parkview will have 16 additional general medical surgical beds in place by the end of calendar 2018.
Beyond the millions in charity care provided every year, Parkview continued work to enhance our facilities. Guided by a concentrated strategic Master Plan, Parkview opened a new outpatient surgical center in February 2018 to address surgical capacity issues. Included in this Master Plan is the critical expansion of the Parkview Emergency Room, scheduled to begin in November of 2018.
On behalf our outstanding employees, physicians and volunteers, we thank you for choosing Parkview for your health care needs. We look forward to serving our great community in the years ahead.
The Numbers
Number of Patients Served for Fiscal Year Ending 06/30/2018:
• 15,188 admissions
• 154,505 outpatient visits
• 4,090 inpatient surgeries
• 10,973 outpatient surgeries
• 82,231 emergency room visits
Nonprofit Status
Parkview Medical Center was founded in 1923 and offers acute healthcare and behavioral health 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). A nonprofit organization is exempt from income tax and property tax for the activities that relate to the reason they have been given that status. Parkview, on the other hand, provides healthcare to everyone that presents at our facility regardless of ability to pay. For any activity outside the scope of Parkview’s exemption, we pay income tax and property tax. Parkview is one of the largest property tax payers in the city, as we pay property tax on all our medical office buildings.
Charity Care
Giving to Those in Need
Parkview Medical Center is a trusted place for healthcare. The medical center provides a significant amount of uncompensated care below cost and at no cost to patients in need. Parkview provided $45,334,300 in charity care for fiscal year ending June 30, 2018. In order to help those in need, Parkview also has a discount policy that applies to the poor, uninsured and under-insured. In determining the discount, the medical center considers the availability of health insurance, family income, and other coverage options. Our credit department works with individuals to find solutions that work for patients and their families. We believe people are accountable and need to be responsible for their actions and contribute to their care and well-being. We also understand the need for charity care and the place it holds in our mission.
Community Benefit
Total Community Benefits $45,334,300
Community Services
Health Education $88,595
Community-based clinical services $342,024
Total $430,619
Health Professionals Education
Total $25,759
Healthcare-related Scholarships
Total $47,000
Cash and In-kind Contributions
Supported 49 organizations, including contributions to nursing programs
Total $237,005
Unreimbursed Charity Care/Medicaid
Total $44,262,000
Mission, Vision, & Values
Mission
It is the mission of Parkview Medical Center to provide the highest quality health care to the people we serve.
Vision
To be the health care provider of choice for patients, physicians and employees.
Values
Our work values will be governed by Parkview’s core values of:
- Honesty & Integrity
- Accountability
- Respect
- Teamwork
- Stewardship
