Workwell
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.