Estes Park Health seeks a sustainable economic future – Estes Park Trail-Gazette

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Estes Park Health (EPH) strongly encourages members of the Estes Valley community to attend a special meeting of the Board of Directors via the GoTo webinar on Tuesday, July 19, 2022 beginning at 1:30 p.m. Participants will learn and discuss proposed actions to strengthen EPH services and finances. The proposed actions are intended to enable EPH to provide sustainable, high quality health services to members of our community and visitors.

Given that Larimer County is currently at the HIGH stress level on the CDC COVID-19 Health and Community Systems Index, and cases of COVID-19 Omicron BA.4 and BA.5 subvariants are increasing, community members will be able to participate in these meetings. via the GoTo webinar only.

Please email [email protected] to register for the GoTo webinar meeting or call 970-577-4470.

Why are the proposed actions to strengthen EPH services and finances necessary?

Nationally, the healthcare industry has suffered significant and ongoing negative financial impacts from the COVID-19 pandemic, and according to national and regional health economists, there is no expectation of a return to pre-pandemic conditions. Across the county, healthcare organizations are experiencing severe labor shortages with associated dramatic increases in labor costs. Nationally, the cost of contract labor and the cost of supplies have increased significantly.

The 2022 EPH budget presented at the December 14, 2021 board meeting included a projected operating loss of $7 million which was partially offset by non-operating revenue which included $3.5 million in revenue property taxes and $2.7 million in planned federal COVID-19 relief funds. The overall impact of operating loss and non-operating revenue offsets was an overall projected financial loss of $1 million in 2022. However, due to uncertainties about the amount of the $2.7 million in expected federal government COVID-19 relief that will be received, it is likely that the actual overall financial loss in 2022 will be greater than $1 million.

With the federal government’s COVID-19 relief funding ending, unless mitigation measures are taken, EPH’s financial outlook in 2023 and beyond will not be sustainable.

In the face of projected financial losses for 2022 and 2023, EPH management, including medical staff and the management team, with the support of the EPH Board of Directors, initiated a thorough evaluation of all clinical services and support of EPH to identify opportunities to move EPH on a long-term, financially sustainable path through increased revenue and reduced expenses.

Above all, the months-long review considered that the primary objective of the entire Estes Park Health organization, including medical staff, senior management and the Board of Directors, is to provide health care. sustainable, high-quality health to our Estes Valley residents and visitors.

The review also took into account:

• Current and future health service needs of our Estes Valley community;

• Clinical and support services offered across the country by financially strong critical access and rural hospitals similar to EPH;

For necessary health services that provide positive financial contributions, the review considered

• Projections of current and future clinical volumes,

• Best practice personnel requirements for services,

• EPH’s access to the personnel necessary to provide services at high quality levels, and

• Current and future revenue estimates for current or possible future services.

The results of these assessments and proposed actions to strengthen EPH’s services and finances for a sustainable future will be presented and discussed at the special board meeting.

Please join us for the Special Board Meeting by GoTo Webinar on Tuesday, July 19, 2022 starting at 1:30 p.m. EPH management looks forward to discussions with members of our community on a sustainable future for EPH.

If you are unable to attend the GoTo webinar meeting on Tuesday July 19, 2022, additional meetings with the same agenda will also be held via the GoTo webinar and you can register for these meetings by emailing rryan @eph.org or by calling 970-577-4470:

You can register for the special meeting of the Park Hospital District Board of Directors on July 19, 2022 at 1:30 p.m. MDT at:

https://attendee.gotowebinar.com/register/2402294792563481358

After registering, you will receive a confirmation email with information about joining the webinar.

Wednesday, July 20, 7 a.m. to 8 a.m., 1 p.m. to 2 p.m., 6 p.m. to 7 p.m.

Thursday July 21, from 12 p.m. to 1 p.m. and from 6 p.m. to 7 p.m.

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