Mercy Regional Medical Center
Background
Mercy Regional Medical Center, established in 1882, is an 82-bed acute care hospital located in Durango, Colorado. As a non-profit institution, it is dedicated to enhancing the health and wellness of the communities in the Four Corners region. The hospital operates as a Level III trauma center, providing comprehensive emergency services. In June 2006, Mercy relocated to its current campus in Durango's Grandview neighborhood. On August 1, 2023, following the dissolution of Centura Health, Mercy became part of CommonSpirit Health.
Key Strategic Focus
Mercy Regional Medical Center emphasizes delivering high-quality, patient-centered care across various specialties, including spine, orthopedic, cancer care, cardiology, emergency, and trauma services. The hospital's strategic objectives focus on expanding service offerings, integrating advanced medical technologies, and fostering community health initiatives to address the diverse needs of the region.
Financials and Funding
In fiscal year 2021, Mercy reported a net patient revenue of $229,573,556 and operating expenses totaling $208,126,094, resulting in a net income from services to patients of $21,447,462, with a profit margin of 9.34%. The hospital allocated 2.13% of its operating expenses to uncompensated care and reported a Medicaid shortfall of $396,759.
Technological Platform and Innovation
Mercy Regional Medical Center integrates advanced medical technologies and evidence-based practices to enhance patient outcomes. The hospital's commitment to innovation is evident in its specialized centers, such as the Joint Commission-certified Stroke Center and the Mercy Wound Center, which utilize cutting-edge treatments and methodologies.
Leadership Team
As of January 25, 2021, Patrick Sharp, MBA, serves as the Chief Executive Officer of Mercy Regional Medical Center. Prior to joining Mercy, Sharp was the President & CEO of Fairview Range Regional Medical Center in Hibbing, Minnesota, where he oversaw hospital operations, primary and specialty care clinics, and home health and hospice services. His leadership is characterized by a focus on relationship building, transparent communication, and a commitment to holistic care.
Leadership Changes
Patrick Sharp's appointment as CEO in January 2021 marked a significant leadership transition for Mercy Regional Medical Center. He succeeded interim CEO Michael Murphy, MBA, ensuring a seamless transition in the hospital's executive leadership.
Competitor Profile
Market Insights and Dynamics
The healthcare market in Durango, Colorado, and the broader Four Corners region is characterized by a mix of non-profit and for-profit institutions offering a range of medical services. The demand for comprehensive healthcare services is driven by the region's growing population and the need for specialized care.
Competitor Analysis
Key competitors in the region include Animas Surgical Hospital and San Juan Regional Medical Center. Animas Surgical Hospital specializes in surgical procedures and outpatient services, while San Juan Regional Medical Center offers a broad spectrum of inpatient and outpatient services. Both institutions focus on delivering quality care and have invested in modern medical technologies to enhance patient outcomes.
Strategic Collaborations and Partnerships
As part of CommonSpirit Health, Mercy Regional Medical Center benefits from a network of resources, shared best practices, and collaborative initiatives aimed at improving healthcare delivery. This affiliation enhances Mercy's capacity to offer specialized services and implement innovative care models.
Operational Insights
Mercy Regional Medical Center's strategic positioning within the CommonSpirit Health network provides a competitive advantage through access to a broad range of resources and expertise. The hospital's commitment to quality care, as evidenced by its recognition as a top-ranking rural-community hospital, underscores its dedication to excellence.
Strategic Opportunities and Future Directions
Looking ahead, Mercy Regional Medical Center aims to expand its service lines, invest in advanced medical technologies, and strengthen community health programs. By leveraging its affiliation with CommonSpirit Health, Mercy is well-positioned to address emerging healthcare challenges and meet the evolving needs of the communities it serves.
Contact Information
For more information about Mercy Regional Medical Center, please visit their official website:
Note: Specific contact details such as email addresses and phone numbers are not provided in this profile.
