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Phoebe Putney Memorial Hospital reviews, approves Form 990

Recent Form 990 from Albany hospital covers Fiscal Year 2013

ALBANY — The Phoebe Putney Memorial Hospital Finance Committee sent to the hospital board on Wednesday a recommendation to approve the Form 990 from the fiscal year that ended in July of last year.

Total revenue for that year at Phoebe Putney Memorial Hospital was $517.52 million, and there was $575.56 million in total expenses. In total assets, there was $675.94 million at the beginning of the year and $626.68 million at the end of the year. At the same time, there was $508 million in total liabilities at the beginning of the fiscal year and $463.04 million at the end of the year.

In endowment funds, the end of year balance was at $371,246 compared to $371,340 the prior year.

In regards to expenses, $13.14 million was spent on land, $333.16 million on buildings, $2.66 million on leased improvements and $315.49 million on equipment. Meanwhile, Phoebe reported $28.26 million in bad debt expense, and received a total revenue from Medicare of $135.97 million.

In 2013, Phoebe contributed $84,126 to various economic development initiatives in the community highlighted by a $50,000 contribution to Move the Mountain and a $30,000 contribution to Strive 2 Thrive, both anti-poverty programs. The form also says the hospital had a total estimated unreimbursed cost of $272 million, including Medicare, Medicaid and charity care. Phoebe Network of Trust, which works primarily with teen mothers to prevent repeat pregnancies, provide parenting skills and complete high school — and also has a teen father program along with other teenage children programs — enrolled 195 unduplicated teen parents during the last school year at a cost of $332,775.

At the same time, 706 health screenings were conducted at an unreimbursed cost of $1,426, and the school nurse program was operated at a cost of $1.38 million in 2013. The 990 also shows that Phoebe provided $770,543 of unreimbursed medical and drug treatment to 245 inmates at the Dougherty County Jail.

In all, there was $3.7 million spent in total community health improvement services, $1.19 million in total health professions education and $820,809 in total financial and in-kind support. There was $249,095 in total community benefit operations spent.

Joel Wernick, CEO of Phoebe Putney Health System, was shown in the Form 990 to have the highest compensation package at a total of $1.87 million. Next after him was Joe Austin, chief operating officer of the health system, with a total compensation package of $641,602.

The full board later approved the form at its meeting Wednesday afternoon. The deadline to file the paperwork to the Internal Revenue Service is June 15.