Children’s Hospital of Chicago
2012 Annual Report
a brighter future.
What an amazing year it was! We successfully completed the building of
Ann & Robert H. Lurie Children’s Hospital of Chicago, and in partnership with the City of Chicago and emergency medical personnel, we moved 127 patients in 14 hours on June 9.
We successfully transitioned our operations from Lincoln Park to our new downtown facility and became Lurie Children’s. This would not have been possible without the support of our entire community. But our new state-of-the-art building is not just a place. It embodies who we are and where we’re headed. Our new hospital will ensure that Chicago continues to be seen as a center for transformative initiatives impacting pediatric healthcare in our city, the nation and around the world. We have only just begun.
J. Christopher Reyes
Chairman, Board of Directors
Patrick M. Magoon
President & CEO
a higher level of care.
The impact of Lurie Children’s was immediate. Literally within minutes of its opening, the Kenneth and Anne Griffin Emergency Care Center received its first patient. Within 24 hours, the first life-saving brain surgery was performed, and a day later the first solid organ transplant was performed. Four days after opening, the first emergency transport via our helipad resulted in life-saving care for a critically ill patient from downstate Kankakee. Five days after the move, the first stem cell transplant was performed and eight days after the move, the first child received a liver transplant. Nine days after opening, the first mother walked across the bridge from Northwestern Memorial Hospital’s Prentice Women’s Hospital to visit her baby in the Neonatal Intensive Care Unit. And 10 days after opening, a 5-year-old boy received a new heart through the first heart transplant at Lurie Children’s. In addition to these firsts:
stories of hope.
Six-year-old Ava Coulter was born with a rare genetic disorder. She travels to Lurie Children’s Clinical Research Unit every week from her Alabama home to participate in a clinical trial that offers her the only chance at effective treatment.
Watch a video about Ava and other kids helped by Lurie Children’s:Play Video
Building—a better experience.
Our patient families are enthusiastic about the new Lurie Children’s. From the private patient rooms to the family great rooms on each inpatient floor to our Family Life Center, they tell us that Lurie Children’s is amazing. Thanks to 23 of Chicago’s cultural institutions and organizations that have donated time and talent to create innovative interiors in Lurie Children’s, we have a nationally recognized facility that is conducive to healing. These healing spaces help calm our patients before, during and after medical procedures. But the patient family experience goes far beyond the facility alone, and we want to know more about how a family experiences their child’s care.
Our new Patient and Family Experience Survey at Lurie Children’s allows better assessment of key dimensions of patient/family-centered care—defined as safe, respectful, responsive, collaborative and informative. Survey results will help us to meet our families’ raised expectations and more effectively evaluate the patient family experience as we strive to provide ever better service. More specific behavioral questions in this survey are helping us establish action-oriented targets for continued improvement. Take a tour of all 23 floors!
Early patient family satisfaction survey results have been very positive—inpatient families' overall rating of our hospital jumped by nearly 10 percent! Early performance in the first quarter of FY2013 indicated...
of emergency department visitors would recommend the hospital to family and friends.
of families that use our surgical services and outpatient specialties would recommend the hospital to family and friends.
of families with an inpatient would recommend the hospital to their family and friends.
Click on the highlight windows to learn more!
a healthier community.
Lurie Children’s is home to dedicated pediatric experts. These experts partner with a wide array of organizations to improve the health and well-being of children locally, nationally and globally.
Our Child Health Data Lab analyzes the causes of illness and injury and prompts the creation of community-based interventions in partnership with government and community leaders. For example, the Consortium to Lower Obesity in Chicago Children (CLOCC), based at Lurie Children’s since 2002, has built a vital, broad-based network of more than 3,000 participants representing 1,200 organizations to address the obesity epidemic. CLOCC has become a national model and has partnered with the Chicago Department of Public Health to implement this critical component of Mayor Rahm Emanuel’s Healthy Chicago agenda.
Building on the success and model of CLOCC, Lurie Children’s recently launched an anti-violence consortium called Strengthening Chicago’s Youth (SCY). Already, Lurie Children’s experts are bringing together hundreds of public and private stakeholders working to curb violence in our city.
In FY2012, the hospital invested $118.1 million in community benefit programs and initiatives. This figure includes $80.5 million in losses to the hospital and our physicians due to under-reimbursement from the Medicaid program; resident and fellow training; the investments we made in public health programs like CLOCC and SCY; and support services provided to families in the hospital, such as interpreting services, social work and educational programs.
Learn more about how Lurie Children’s serves our community.
Building—through transformational philanthropy.
Philanthropy is a catalyst and driver for transformative change in our institution. In FY2012, more than $75.2 million was raised through the support of more than 50,012 donors. As of August 31, 2012, Heroes for Life: Campaign for Ann & Robert H. Lurie Children’s Hospital of Chicago had raised $626 million for the new hospital and its programs. Opening events for the hospital garnered an additional $6.4 million for the new hospital through the Gala Preview event, which raised $5.2 million and the Move for the Kids 5K Run/Walk, which raised $1.27 million. Philanthropic contributions will continue to be critically important as we pursue the best treatments and cures for our children.
Click here to help now!
at a glance.
In FY2012, the year of our move to the new Ann & Robert H. Lurie Children’s Hospital of Chicago, the Medical Center reported its third consecutive year of strong financial performance. Pre-interest operating income for the Medical Center was $34.3 million, $1.6 million higher than last year, in spite of nearly $17 million in one-time new hospital costs. Improved payer mix, higher acuity patients, growth in outpatient visits, and strong surgical volumes contributed to the results. With more investment market volatility than prior year, Excess of Revenues over Expenses was $71.9 million, compared to $132.5 million in FY2011, which included $38.4 million in a one-time fund re-designation. Overall, balance sheet measures of liquidity, coverage, and leverage are strong and improving.
Consolidated Financial Summary
for the periods ending August 31, ($ in millions)
|Statement of Operations||2012||2011|
|Patient Care Revenues, Net||$||608.8||$||564.3|
|Grants, Gifts, and Endowment Income||65.2||64.9|
|Total Operating Revenue||$||721.8||$||662.9|
|Salaries and Benefits||$||400.7||$||376.6|
|Supplies, Services, Other||242.0||211.5|
|Total Operating Expenses||$||687.5||$||630.2|
|Income from Operations before interest expense||$||34.3||$||32.7|
|Income from Operations||$||25.8||$||28.1|
|Other Income (Expense) Net||46.1||104.4|
|Excess of Revenue over Expenses||$||71.9||$||132.5|
|Property and Other||1,182.1||996.7|
|Liabilities and Net Assets|
|Long-Term Debt and Other||712.5||680.4|
|Total Liabilities and Net Assets||$||2,263.6||$||2,087.9|
|Serving our Community||2012||2011|
|Charity Care, losses due to Medicaid reimbursement below cost of services, and other uncompensated costs||$||80.5||$||69.8|
|Resident and fellow training||15.4||15.5|
|Language assistance services, pastoral care, social work, art and music therapies, volunteer services, transplant patient family housing and other family support services||6.7||6.8|
|Community clinic support||2.9||2.9|
|Child advocacy programs||5.5||2.6|
|Per Audited Financial Statement||$||118.1||$||104.7|