Financial Overview and Expenses - 2010-2011

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Growth
Dayton Children’s experienced strong growth in a difficult environment in 2011. The volume of services provided grew by 3.9 percent, despite flat population trends and a decline in births in our service area.

Some of the services contributing to this growth included the Regional Level III Newborn Intensive Care Unit, with an increase of 7.8 percent in critically ill newborns from all over the region. This growth is due to the strong relationships our experts have built with physicians and staff at the birthing hospitals in our region. The new Soin Pediatric Trauma and Emergency Center facility at Dayton Children’s opened just in time. This past year, emergency patients at the center of all types grew by 4.8 percent and new efforts to provide pediatric diagnostic services outside the walls of Dayton Children’s main campus resulted in 6.5 percent growth for the laboratory and also significant growth for the pediatric testing centers. These results clearly demonstrate that Dayton Children’s is doing the right things right for patients and families.

Efficiency
Throughout the country, everyone is working to do more with less. At Dayton Children’s we are doing the same and in fact have always strived to provide the highest level of care in the most efficient and effective manner. This past year, the staff at Dayton Children’s implemented new strategies to improve operating efficiency, and did so while improving quality and patient safety!

These strategies included smarter purchasing; reviewing each position as turnover occurred and by being innovative in how we organize and staff hospital functions. One big boost was the federal 340(b) drug discount program. This program makes it possible for safety net providers like Dayton Children’s, who care for a high proportion of low-income patients, to buy essential drugs at a significant discount. Congress made this program available to children’s hospitals in April 2010, and our first full year of savings under the program exceeded our expectations.

By doing these things, we achieved a significant boost in efficiency and productivity in 2011, which in turn led to outstanding financial results.

Salaries and benefits	$100,695,667	57.70%
Medical and general supplies	$22,474,602	12.88%
Utilities and other expenses	$23,535,287	13.49%
Purchased services	$7,054,685	4.04%
Physicians' fees	$14,277,442	8.18%
Equipment rental and repair	$6,468,218	3.71%
Total expenses	$174,505,901	100.00%