To promote the best health and care at the lowest reasonable cost, we use resources wisely
Cost directly affects people’s ability to access health resources, so Intermountain works to keep care as affordable as possible. We operate efficiently to avoid waste and use resources effectively.
Intermountain is widely regarded as a leader in demonstrating that a continuous focus on quality can result in less expensive care. In healthcare, higher quality tends to cost less, because patients usually have fewer complications, readmissions, and other issues requiring additional treatments.
In addition, Intermountain has worked for years to eliminate tests and procedures that add only cost or risk to a patient’s care—while not adding commensurate benefit in diagnosis or management of disease.
Wise use of resources includes environmental resources as well. We seek cleaner air, more efficient processes, and lower water and energy usage. Our initiatives include the use of solar energy; electric, natural gas, and fuel-saving vehicles; a robust recycling program; investment in green technologies and buildings; and support of public transportation. These efforts were recognized last year when we received Utah’s “Excellence in Energy” award for working to improve the environment and create a more resource-sustainable future.
Sustainability highlights in 2014:
For more information, read Intermountain’s 2014 Sustainability Report.
(DOLLARS IN MILLIONS)
|PATIENT SERVICES AND NON-PATIENT ACTIVITIES:|
|Net patient services, including inpatient and outpatient care, pharmaceuticals, and supplies; net of discounts provided for patients covered by Medicare, Medicaid, and other sources because these agencies have limited their level of payment||$4,005.8||$3,806.0|
|Charity services to qualifying patients unable to pay as part of our ongoing community commitment||(384.7)*||(281.7)*|
|Bad debts for services provided to patients who were unwilling to pay||(152.8)||(231.6)|
|Non-patient activities, including health insurance premiums, contributions, and other resources||2,105.1||1,748.8|
|Non-operating income from investing activities||129.6||371.4|
|TOTAL FUNDS AVAILABLE||$5,703.0||$5,412.9|
|Salaries and benefits to our employees||$2,344.8||$2,257.8|
|Medical supplies and services||1,911.5||1,440.4|
|Business services, insurance, utilities, and cost of facility maintenance||729.2||641.9|
|Depreciation and amortization cost for this year’s use of buildings and equipment||235.7||257.7|
|Interest on borrowed funds||50.8||48.8|
|Increase in funds available for future needs to replace and improve health facilities, technology, and services||431.0||766.3|
|TOTAL FUNDS APPLIED||$5,703.0||$5,412.9|
*This amount represents Intermountain’s unadjusted total. Based on Utah State Tax Commission standards, Intermountain provided adjusted charity care of approximately $224.4 million in 2014 and approximately $172.9 million in 2013.