Workwell

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Occupational Health Business Plan

Organization Summary

Workwell is a non-profit taxable subsidiary of Centroplex Health System. Workwell is committed to providing customized services to meet the occupational health, safety, and rehabilitation needs of area businesses and industries in its target market. Workwell is based on the belief that healthy employees are more productive and efficient employees. For this reason, it provides wellness strategies/programs to businesses . This combines promotion of total health--body, mind and spirit--designed to facilitate positive lifestyle changes of a company's work force.

2.1 Organization History

Last year Centroplex Occupational Medicine Center (COMC) had 18,050 and 11,085 total procedures and visits respectively. Worker's Compensation/Occupational Medicine visits accounted for 4,611 visits and a total of 9,116 procedures. This represents 52 percent of total procedures and 42 percent of total visits at COMC during the prior year.

This generated total charges of $298,050 and total payments of $243,110-- 82 percent reimbursement. For Prior Year 2 total charges were $337,326 and total payments of $284,264-- 84 percent reimbursement. Additionally, the Centroplex Hospital Emergency Department had Worker's Compensation visits totaling 1,170 during Prior Year 1. It is imperative to understand that this volume has been achieved without any marketing efforts.

Centroplex Occupational Medicine Center

-

Prior Year 1

Number of Visits

11,085

Total Charges

$737,552

Collected Income

$564,692

Workers' Compensation

-

Prior Year 2

Prior Year 1

Number of visits

1,499

1,362

Total Charges

$157,916

$152,588

Collected Income

$106,452

$100,575

Last year there were an additional 1,170 W/C injuries treated at the Centroplex ER. 213, of these W/C injuries, were Centroplex employee injuries and represented a cost of $437,000 to the hospital. (This $$ includes lost wages, training etc...)

Occupational Health

-

Prior Year 2

Prior Year 1

Number of Visits

3,314

3249

Total Charges

$179,410

$145,462

Collected Income

$178,172

$142,535

Past Performance
1996 1997 1998
Funding $673,259 $642,265 $555,974
Gross Surplus $673,259 $642,265 $555,974
Gross Surplus % 100.00% 100.00% 100.00%
Operating Expenses $653,060 $681,477 $671,888
Collection Period (days) 111 114 130
Balance Sheet
1996 1997 1998
Current Assets
Cash $248,602 $37,533 $8,437
Accounts Receivable $153,467 $148,255 $148,255
Other Current Assets $225,214 $177,600 $184,531
Total Current Assets $627,283 $363,388 $341,223
Long-term Assets
Long-term Assets $75,083 $223,892 $120,579
Accumulated Depreciation $40,941 $49,156 $60,760
Total Long-term Assets $34,142 $174,736 $59,819
Total Assets $661,425 $538,124 $401,042
Current Liabilities
Accounts Payable $19,083 $11,028 $9,036
Current Borrowing $565,480 $576,987 $634,601
Other Current Liabilities (interest free) $923 $0 $0
Total Current Liabilities $585,486 $588,015 $643,637
Long-term Liabilities $325,170 $304,574 $293,480
Total Liabilities $910,656 $892,589 $937,117
Paid-in Capital $412,000 $412,000 $293,480
Retained Earnings ($733,744) ($672,730) ($611,473)
Earnings $72,513 ($93,735) ($218,082)
Total Capital ($249,231) ($354,465) ($536,075)
Total Capital and Liabilities $661,425 $538,124 $401,042
Other Inputs
Payment Days 30 30 30
Funding on Credit $504,944 $481,699 $416,981
Receivables Turnover 3.29 3.25 2.81

2.2 Locations and Facilities

The Workwell Program is based at the Centroplex Occupational Medicine Center, located at 2202 S.W.S. Young Dr., next to the Killeen Mall.

We provide services 7 days a week 24 hours a day. Our office hours at the Centroplex Occupational Medicine Center are Monday through Friday 8:00 AM to 6:00 PM and Saturday and Sunday from 10:00 AM to 6:00 PM. The Centroplex Hospital Emergency Department provides our services during the off-hours. Workwell will evaluate patient visit hours and will expand operating hours accordingly.

We will gladly offer our Workwell programs at the employer's work site as long as the minimum employee participation requirements are met. We will also provide numerous classes at the Centroplex Hospital campus through the monthly wellness programs.