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University of Alabama Health Services Foundation, P.C.
A brief glimpse inside a Faculty Practice Plan...
Not a Typical MD Practice
• Tax Exempt 501-C-3 Organization
• A bona fide corporation
• “Shareholder value and earnings” not in annual distributions but for
– program development / expansion
– compensation / expenses for operation
– retention for business downturns
• MDs are “fully employed / only here”
A Brief View of our History
• Founded in 1973
• As a physician-led company– Superior Patient Care
– Group Practice in an Academic Environment
– Establish Funds for Program Development
• The era was ripe for such activities– Medical Practice Plans birthed out of “university anxieties”
The “Stages of our Growth”
• 1970s - a benefit plan and tool to bill and collect professional revenue
• 1980s - organizational development– University Affiliation– Ambulatory Clinics– Complete Health Joint Venture HMO
• 1990s - corporate style behavior– The Kirklin Clinic - $110 million investment– UAB Prime Care– Sale of Complete Health– UAB Health System
Board of Directors• Purpose
– Develop major policy and strategy– Provide a balanced perspective to our goals– Recruit key executives and hold them accountable for success
• Membership– 10 public members (“outside directors”)– 9 physician leaders (“internal directors”)– Executive leadership
Public Board Members• Eddie Adair Cordova Ventures• Dr. Neal Berte Birmingham Southern College• Donald James Vulcan Materials Company• Charles McCrary Alabama Power Company • Charles Perry, Jr. Highland Associates• Thomas Lowder Colonial Properties Trust• Van Richey American Cast Iron Pipe Company• Lee Styslinger, III Altec, Inc.• Mimi Head Ram Tool and Supply Company• Tim Brown TALA Professional Services
Executive Leadership
• A uniquely balanced and important partnership of MD / business leadership
• Corporate service functions– General Counsel, Finance, Human
Resources, Treasury, Corporate Compliance, et al
UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION
Clinical Services Managed byUAB Health SystemUAHSF
Board of Directors
Executive OfficersSergio Stagno, M.D.,
PresidentReid F. Jones
Executive Vice President
UAB Health System
Director Insurance
Risk Management
ExecutiveDirectorHuman
Resources
Chief FinancialOfficer
General Counsel
ManagementServices
Organization
SeniorVice
PresidentTKC
ChiefInformation
Officer
Corporate Services
9
Financial Overview
• Extremely strong Balance Sheet– $408 cash and investments, $210 debt
2012B 2011P 2010A• Net Patient Revenue $338 $321 $312
• Total Revenue $424 $401 $389
$ in Millions
Total Payor Mix
Blue Cross Blue Shield 34%
Medicare 18%
Medicaid 12%
Commercial Insurance 4%
Viva 11%
Self Pay 6%
Other 15%
11
Other Expenses 80,523 18.51%
TKC, TKC Acton and Other 62,312 14.32%
Total, Direct Costs 369,442 84.92%
TKC Indirect Costs 3,539 0.81%
HSF Admin. 7,734 1.78%
HSIS 7,030 1.62%
MSO 17,369 3.99%
Total, Indirect Costs 35,672 8.20%
Common Fund 5,984 1.38%
Group, EHR and Special Funds 5,523 1.27%
General Endowment Fund 5,000 1.15%
Mission Support 1,950 0.45%
Occupancy Costs 11,499 2.64%
Total Expenses 435,070 100.00%
UAHSF Expense Structure
General Endowment Fund
• The Successful Failure
• Over $100 million dollars
• Research Initiatives
• Creation and Implementation of the MSO
• Faculty Recruitment
Scope of Services Portfolio
• Offers services in 32 clinical specialties … primary and specialty care
• Employs 920 physicians and 1,800 non-physician employees
• 22nd largest employer in the State of Alabama
Service Locations• Have the “clinical franchise” for
physician services at UA Hospital
• Also provide services at other hospitals, in TKC, at selected regional clinics, and in “local offices”
• The Kirklin Clinic Acton Road