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17 posts categorized "Blooming Prairie"

May 30, 2009

Internal Mayo Clinic memo on financials

Here's the full internal Mayo Clinic memo on the financials of the first 4 months of 2009 that I was looking for on Friday. I have a full story on this in the weekend edition.

Dear Colleagues,


We’re writing to provide an update on Mayo Clinic’s performance through the first four months of 2009 and report on the progress we’re making in our long-term goal of transforming Mayo Clinic for the future. 

800px-Gonda_building,_closer_up

Our collective efforts to transform our practices, manage expenses, and improve our revenues are beginning to bear fruit.  This is due to your commitment and willingness to address our challenges head-on.  But we’ve only run the first mile of our transformation marathon.


We must take advantage of our momentum.  There is no doubt that we will face significant financial pressures throughout 2009 and into the future.  Nothing less than our mission is at stake.  We are working to ensure that Mayo Clinic stands ready to meet the needs of everyone who turns to us for answers and looks to us for hope. 


Creating value


All of our activities are designed to create value:  the best quality, safety and service outcomes at the lowest cost over time.  Together we are redesigning our care models and business processes to improve outcomes and reduce costs -- to improve value to our patients.  Here are just a few examples:


* Patient Access/Payer Mix project in Rochester:  This project is designed to balance appointments among Medicare, employee and privately insured patients, which provide different rates of reimbursement for care.  The project is focused on improving access for patients in Endocrinology, Gastroenterology, Pulmonary Medicine, General Internal Medicine, Neurology, Orthopedics, ENT and Urology.


* Expense Management and Revenue Enhancement project in Arizona:  Plans are targeted at increasing appointment conversions to commercial/contracted patients, seeing all referred patients -- Medicare and commercial/contract -- (with limited exceptions), seeing all self-referred commercial/contract patients (with limited exceptions), and increasing awareness of Mayo Clinic among Arizona’s patient base. 

Mayo_clinic

* Lean Project Initiatives in Florida:  In April, our Florida campus kicked off a wave of lean projects designed to help continue removing waste from the practice.  Initial areas of focus include reducing the costs of care for procedures and patient groups, as well as patient flow processes in a clinic-based practice and in the operating rooms. 


* Mayo Post Acute Care program in Mayo Health System (MHS):  This program expands and develops high-quality, post-acute care pathways between MHS entities, critical access hospitals, acute care settings, skilled nursing facilities, and home care in response to patient needs of MHS and Mayo Clinic.  The results show significant benefits to patients and our staff both from clinical outcomes and satisfaction perspectives.


* Quality Management Systems in Research:  This initiative is well under way implementing new business processes designed to improve service, eliminate waste, ensure compliance, increase revenue, reduce costs and improve overall value to advance the research strategic priorities in all locations.  Significant progress has already been made as Mayo Clinic creates a new comprehensive research management system.


* Health policy discussions:  We continue to work at a national level to build consensus for needed reform that will be based on the value of care provided and that will keep the patient’s interest at heart.


You can read about additional efforts, learn how to share your success stories, and find the latest financial reports from all of our campuses on our Creating Value intranet site.


Financial performance


We had a strong financial performance in April. All operating units were either on plan or favorable to plan for the month.  This has moved our year-to-date performance ahead of plan. Income from operating activities (including practice, research, education, diversification and fund-raising activities) through the end of April is $28 million favorable to plan.  


It’s important to emphasize that our improved performance has been largely due to our expense management efforts.  We must continue to have strong performance in both expense management and revenue generation to remain on plan for the year.

 

Expense management alone will not sustain our practice model for the long term. 

Investment performance improved in April, with a return of 3 percent for the month.


 However, we are still recovering from investment losses in January and February and the year-to-date return is -3 percent.  Fund-raising for the endowment year-to-date is about $1 million below plan. 


What you can do


Our efforts to manage expenses and to transform our practices are investments in creating a stronger and more dynamic Mayo Clinic that will be able to adapt and meet the changing needs of our patients.  We cannot lose sight of the reason we do this work -- to preserve the ability of people who are the best in the world at what they do to provide the best care for our patients. 


Thank you for taking up this challenge and for the important work you do every day to serve our patients and each other.  Your constant commitment to our patients’ needs gives them the reassurance that they remain in good hands and that Mayo Clinic will be here for them in the future. 


Denis Cortese, M.D.     

President and CEO       

Mayo Clinic

Shirley Weis 

Chief Administrative Officer 

Mayo Clinic    

November 07, 2008

Do Roch. Medical's record #s = Stewartville expansion

Here's some more on Rochester Medical Corp.'s big earnings reports from the story I have in today's paper:


------

The year was a historic one for many reasons for the company, which has quadrupled in size since 2003.

A major corporate lawsuit was settled giving Rochester Medical access to a larger market. It bought a major distributor in the United Kingdom to increase its international business. Medicare changed some guidelines, which strengthened the company regarding cash flow and in relation to the competition.

Product-4

With a number of new products and marketing initiatives in the pipeline, company executives believe 2009 could even be better.


“We are doing very well,” says Conway.


Well enough to expand for a third time in Stewartville?


“We’re looking very, very closely at that,” he says. “If everything stays on track and goes as we expect it will, it is very, very likely we will start an expansion in the spring.”


The company now has two facilities in Stewartville and its manufacturing lines run 24 hours a day, seven days a week. It employs about 285 people worldwide with the majority based in Stewartville.


Besides all of the big, positive numbers in the reports, one stands out in annual figures — $37 million.


“We started the year with $37 million on hand and we ended the year with $37 million,” said Chief Financial Officer David Jonas. “We funded this huge growth and a sales and marketing team in the UK. We paid off a couple million in debt… funded $1.6 million in capital improvements and we funded all of that organically.”

July 23, 2008

New energy deal blowin' in the wind

Here's a piece by Bob Freund on a local wind power deal.

I wrote about Nature Energies a while back when the Rochester branch moved into a new office.

The Rochester-based branch of a French energy company is buying stakes in 56 wind turbines at the two farms now run by the area’s pioneer wind farmer, Dodge Center businessman Garwin McNeilus. Windmill

Nature Energies has agreed to purchase portions of the 28 windpower projects in two wind farms at Dodge Center and Adams. All are managed by McNeilus and his son Grant McNeilus, but have individual owners from the McNeilus family and from related non-profit organizations, Nature Energies vice president Jeff Cook-Coyle said today.

The sale is underway, but will be completed in the future. The value of the deal is being kept private, Cook-Coyle said.

The Dodge Center farm contains 41 wind turbines and the Adams farm has 15. Together they can generate as much as 65 megawatts (million watts) electricity over a single hour.

Nature Energies will obtain ownership of available parts of the wind projects. The parties also expect to collaborate on future wind projects, a written announcement said Tuesday.

Nature Energies also currently is working on developing 450-megawatt wind farm in Dodge County.

The Rochester office is the U.S. operations branch for Nature Energies SAS of Paris. Nature Energies has 115 megawatts of wind farms in France and is developing solar energy plants in Europe as well.

August 20, 2007

LeRoy biz + Blooming Prairie

Word is that WB Enterprises Inc., which builds things like wireless towers is picking up stakes in LeRoy and moving to Blooming Prairie.

That's about 30 jobs.

WB's new building is under construction.

I'll have mor eon this soon.

April 27, 2007

Gas station news is ...?

Here's the deal. ConocoPhillips, you know the guys were in Rochester Thursday night talking about the future of energy, are pulling out Rochester and out Minnesota as of Aug. 3.
Virgilswideshot

This includes Conoco, Phillips 66 and the 76 brand.

Use up those coupons and gas cards soon.

The pullout even goes beyond Minnesota. Other states are being abandoned also.

Look for all the details on this the weekend paper.

By the way, Trent said Conoco is going green. He was half right. Conoco is going. Heh.

February 23, 2007

Dodge hardware store closing

The TruValue hardware store on Main Street of Dodge Center is closing by the end of March, according to the Dodge Center Star Record. It is owned by Del and Judy Steen.

A liquidation sale is underway.

B To Z hardware in Blooming Prairie bought their Just Ask Rental franchise.

January 02, 2007

Kiger's Notebook in 2007

So now it is 2007 and Kiger's Notebook blog has been around for about a year and a half.

Here's a question for my readers:

What can I do for you to make this blog more useful and more interesting?

The truth is I have a blast with this thing and I mostly just write about what interests me in a way that amuses me.

I'll still keep doing that. Heh. However, I'd like to make this blog better for everybody. So please let me know what you'd like to see more of and what you could do without.

The reason this blog works is that it is a conversation. And I want to make sure I'm talking about what you are interested in.

Let me know. And thanks so very much for reading.

December 10, 2006

New biz list for Dec. 11

• Stargo, Inc
Wesley T. Adams
578 E Fourth St.
Winona

• Workout 24/7 of Goodhue
209 Roadway St. North
Goodhue

• Florine Technology
702 S. Seventh St #31
Lake City

• Twin City Pilot Car
2118 Pioneer Road Lot #153
Red Wing

• TC Scientific
1354 Arthur Lane N.W.
Rochester

• Reset My Soul
3253 19th St. N.W. #1
Rochester

• Home Realty of Rochester
3092 Lake Vista Drivr N.W.
Rochester

• The Beak Design Studio
1436 Fourth Ave. S.W.
Rochester

• Off the Beaden Track
317 S.W. 18 1/2 Ave.
Rochester

• Club Amsterdam
315 S. Broadway
Rochester

• Rochester Gems
878 E. Village Circle S.E.
Rochester

• Rochester My Way
5601 U.S. 63 North #115
Rochester

• Ancientheart Books and Collectibles
620 14th St. N.E.
Rochester

• KJS Building Maintenance
1807 Second Ave. S.W.
Austin

• Witt Fabrication
30175 U.S. 218
Blooming Prairie

• One of a Kind Design
9103 75th St. N.W.
Byron

November 25, 2006

New biz list for Nov. 27

Here's some from the new and renewing businesses list from the secretary of state's office that will be in Monday's paper:

• Home Supplier, Inc
Judith K. Growden
2431 75th St. N.E.
Rochester

• Olmsted County Abstract, Inc.
1850 N. Broadway
Rochester

• Osmundson Lease Co., Inc
Mark Osmundson
211 W. Main St.
Adams

• Gas Lamp Conversions and Restoration, Inc.
1104 Oakland Ave. W.
Austin

• Chris Oudekirk Construction, Inc.
Chris Oudekirk
60867 221st Ave.
Dodge Center

• Higgins Custom Cabinetry Inc.
20 Center Ave. N.E.
Eyota

• MSM Natural Fertilizer, Inc.
20493 630th Ave.
Rose Creek

• North Star Food Acquisitions Inc.
1279 St Charles Ave.
St Charles

• Elgin Cheese Days
Susan Suckow
50419 287th Ave.
Elgin

• Country Heritage Adventures, Inc.
5209 County Road 21 N.E.
Elgin

• Immanuel Evangelical Lutheran Church of Potsdam
7134 Highway 247 N.E.
Elgin

• Dodge County Farm Bureau Association
515 Jefferson Ave. S.W.
Eyota

• Parents and Teachers Together, Inc.
27 Knowledge Road S.W.
Eyota

• Eyota Kids Korner
511 Jefferson Ave. S.
Eyota

• Extended Circle Society
7500 30th St. S.E.
Eyota

• Women of Eyota, Inc.
914 Nancy Court
Eyota

• Bluff Valley Riders, Inc.
PO Box 72
Fountain

November 16, 2006

Vicki Snyder + BP Times

Here's a quick scan from front page of the Nov. 14 Blooming Prairie Times, owned by Dan Evans.
Vickieinbp

I worked for years (two at least) on a weekly paper. And I'm known for taking less-than-flattering photos of folks like this (He is not going to eat that guy's head) and this.

But running this photo of Vicky Snyder, my great volunteer reporter on the street and Communication Connection consultant, as a main pic was not completely fair. The bride of the Rochester City Council member Bruce Snyder presents a much better appearance than this.

Then again I know the feeling (From my many previous newspapers) of having a blank page to fill and other choices but to go with something of less-that-top-quality

By the way, Dan Evans is the brother of Dave Evans, who owns the Printers in Rochester.