HomeMy WebLinkAbout04292024 City Council Work Session Laydown - ProvidenceProvidence Seward
Operations Update
for City Council
April 29, 2024
240429 City Council WS Laydown - Providence
• Owned by City of Seward and managed by
Providence since 2002
• 175 employees
• 5 full time physicians
• Local Advisory Council meets monthly
• Fiduciary and regulatory oversight by Providence
regional governing board
• Quick financial update:
•* Ended 2023 financially strong
•* 2022-2023 volumes increased YTD
•* Reduction in agency usage
Providence Seward Overview
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• 6-bed Critical Access Hospital
• Level 4 trauma designation
• Full-service laboratory
• State of art imaging department
• Specialty clinic
Providence Seward Medical Center
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• 4 lodges of 10 residents/lodge
(Eagle, Fireweed, Lupine and Raven)
• Lodge Staffing: Nurse, 2 CNAs & Lodge Cook – days;
Nurse & CNA - nights
Providence Seward Mountain Haven
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5
24/7 staffed Emergency Room
6 Inpatient/Swing Bed rooms
Imaging
Laboratory
Specialty Clinic
SART Program
Echocardiogram
Services Offered at PSMC
Services Offered at Mountain Haven
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40 Long Term care beds
Therapy services for residents, hospital inpatients, and community
outpatient
On the job training – CNA “Earn as You Learn” Program
Community Impact
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Annual Foundation funding to local non-profits
Annual support for Seward Area Hospice
Sponsorships:
Polar Bear Jump
Seward Cares Event
Spring Health Fair
Alaska Sea Life Center
Seward High School Business Scholarship
Bike Rodeo
4th of July Mt Marathon Race
Butterfly Release – Hospice Fundraiser
Silver Salmon Derby
Rotary Golf Tournament
Fall Health Fair
Trunk or Treat
Community Winter Movie Series with JAG &
Seward Arts Council
Breakfast with Santa
Kids Community Craft Afternoon
Holiday Lights Contest
New Year’s Eve Fireworks
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Challenges
Mtn Haven at capacity
Staffing – Housing
Behavioral Health
Hospital at capacity
Vision for the future of Seward - LTC
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Seward Mountain Haven
Expansion Pro-forma
Key Assumptions
Potential Risks
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Financial Projections – 10 Bed Lodge Addition
•Highlights
• Estimated incremental annual EBIDA of between $0.7M - $1.2M
• Projected positive cash flow beginning first full year upon project
implementation
• Expected positive growth in future years
•Capital Investment Required: ~$11.7M (All capital figures are ROM)
• 10-bed lodge construction: ~$9.4M
• Corridors connecting all 5 lodges: ~$1.7M
• Equipment: ~$0.6M
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Financial Projections – 16 Bed Lodge Additions
•Highlights
• Estimated incremental annual EBIDA of between $1.7M - $2.7M
• Projected positive cash flow beginning first full year upon project
implementation
• Expected positive growth in future years
•Capital Investment Required: ~$17.7M (All capital figures are ROM)
• 10-bed lodge construction: ~$9.4M
• 6-bed lodge construction: ~$5.6M
• Corridors connecting all 5 lodges: ~$1.7M
• Equipment: ~$0.6M
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What about the current hospital building?
• No space to bring in the services the
community needs
• What services does the community want to
have locally?
• How to mitigate the risk of living in Seward
Thank you for your time.
Any questions?