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Financial Update
Rapid and dramatic
change continues to occur in healthcare. Hospitals and health
systems across the country are facing many challenges including:
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Growing and aging population
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Physician shortages
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Labor shortages
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Financial pressures
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Consumer expectations
Here at home, Lee Memorial
Health System (LMHS) has had to face all of these issues, and we
have faced them head-on. In doing so, we have changed how we
must do business now and into the future.
On August 31, 2006, the
LMHS Board of Directors approved the purchase of the HCA
facilities in Lee County. This purchase includes:
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Southwest Florida
Regional Medical Center (SWFRMC)
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Gulf Coast Hospital (GCH)
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All other related
businesses, land and subsidiaries located within Lee County
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The rights to proceed
with the construction of the new hospital facility adjacent
to Gulf Coast Hospital at Daniels Parkway and Metro Parkway.
This acquisition supports
strategic initiatives by providing an opportunity to redesign
healthcare services to optimize quality, access and financial
outcomes.
LMHS is a fiscally sound
business that is responsive to the community's health needs. Why
should we, a non-profit organization, be concerned about profits
at the end of each fiscal year? Because without financial
strength, we cannot fulfill our mission to give you the high
quality healthcare you want and deserve.
The positive operating
margin is reinvested into LMHS for the benefit of the community.
The only way we can replace and upgrade property, facilities and
equipment, build new facilities and attract and retain skilled
professionals is by generating positive operating margins.
Click here for the
2008
LMHS Audited Financial Statement
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