MissionTo strengthen the health of our community by providing accessible, compassionate, quality healthcare

VisionTo be the healthcare organization of choice for our service area.

ValuesCompassionate care, excellence, integrity, innovation, teamwork, fiscal accountability, responsibility.

Meaningful HistoryFor 110 years Cottage Hospital has been providing meaningful care for our community from our early days in Cobleigh Tavern to our current location on Swift-water Road. A healthcare leader in efficiency and technology, our staff’s main focus is to provide our patients with the highest level of quality care and stellar customer service. When choosing your healthcare facility we want to be your first choice!

At right: Mabel Thayer, RN

v

years of making it meaningful

2013 ANNUAL REPORT

Meaningful CareLes Edwards of Groton knows just how meaningful Cottage Hospital is. Born in the “old Cottage Hospital” in 1932, this tough Vermonter found himself in a near death experience and being rushed back to where it all began. While cutting wood for the pending winter season his chainsaw jumped back cutting him from his neck down through his chest, in-cluding a major artery and three ribs. Woodsville EMS acted swiftly getting him to Cottage Hospital where ED staff jumped into action, calling on surgeons and our on-site blood bank. Four days later Les walked out of Cottage Hospital. “Doctors said 10 more minutes and I was gone.”

Photography by Rodeo & Co.

Officers and Members of the Board

Meaningful Leadership

Finances

Officers of Cottage Hospital, Inc.Linda DeFrahn, DO, PresidentArchie Steenburgh, Vice PresidentJudith V. Gandin, Clerk

Officers of Board of TrusteesMark Johnson, ChairScott Horne, Vice ChairMike Simpson, Secretary

Assets 2013 2012Current Assets $7,626,532 $8,985,561Assets, whose use is limited $9,911,749 $7,958,957Property, Plant & Equipment $11,421,551 $9,988,455Other Assets $332,691 $323,429Total Assets $29,292,523 $27,256,402

Liabilities 2013 2012Current Liabilities $5,424,196 $3,992,771Long Term Debt $6,588,622 $7,068,236Retirement & Deferred Comp $767,181 $812,943Other Liabilities $ 237,295 $2,250Net Assets $16,275,229 $15,380,202Total Liabilities $29,292,523 $27,256,402

Unrestricted Revenues 2013 2012Net Patient Revenue $28,210,993 $29,545,074Other Revenue $975,356 $554,609Total Operating Revenue $29,186,349 $30,099,683

Expenses 2013 2012Salaries, Physician Fees & Benefits $16,804,528 $16,413,099Supplies & Other $9,395,610 $9,727,775Depreciation $1,283,942 $1,148,464Medicaid Enhancement Tax $1,241,651 $1,323,189Interest $251,899 $279,565Total Operating Expenses $28,977,630 $28,892,092

2013 2012Gain (Loss) from Operations $208,719 $1,207,591Non Operating Revenue $678,252 $981,159Excess of Revenues over Expenses $886,971 $2,188,750Change in Net Assets $886,971 $2,188,750

Net Assets, End of Year $14,820,102 $13,933,131

At Cottage Hospital, we understand that today’s healthcare options can be overwhelming. With every experience, we are passionate about giving every patient and family member a feeling of trust and satisfaction in our care.

Cottage Hospital’s leadership team continues to define a clear strategy to our future, while our clinical staff focuses on providing the best medical care possible. Our Rural Health Clinic, Cottage Hospital Internal Medicine, in an effort to meet the needs of the community, has expanded its services to include same day appointments and extended hours.

Cottage Hospital was pleased to be recognized for the HealthStrong Award for Excellence in Efficiency, receiving a top quarter performance

rate among all acute care hospitals in the nation. Being an industry leader in efficiency allows us to also be a low cost leader in healthcare. We were recently chosen by Harvard Pilgrim as a preferred site of service for our low costs and high quality.

Webster’s dictionary defines “meaningful” as having a clear meaning, expressing an emotion or idea without words and having real importance or value. For us at Cottage Hospital each part of this definition defines how we do our job to provide meaningful care to you.

We hope that your experience with us has been meaningful and that we can continue to serve you for the next 110 years.

In 2013, the Cottage Hospital Auxiliary continued to support the hospital through fund-raising activities that included the annual golf tournament, bake sale, and memory tree. Funds were used to provide equipment and furniture and for beautification projects on the campus. In addition, the Auxiliary conducted a needs assessment for Automated External Defibrillator (AED) devices in public buildings locally and purchased one for the office area in the basement of the hospital. Also, a major effort to support the provision of emer-gency medical services was undertaken. Specifically, after consultation with local EMS units, the Auxiliary procured and distributed Personal Medical Record (PMR) forms and magnetic display cases to individuals through local senior centers and physicians’ offices. As a result, more than 2000 PMRs were put into circulation in the hospital’s service area.

Cardiac Rehab & CardiologyCosmetic & Medical Laser CenterDay SurgeryDiabetes EducationEmergency ServicesFamily & Pediatric MedicineGastroenterologyHospice & Palliative CareInpatient Services & TherapyInpatient Rehab ServicesIntensive Care & PACUInternal Medicine

Mental HealthNeurologyNutrition ManagementObstetricsOccupational TherapyOncologyOrthopedicsPain Management ServicesPathology ServicesPhysical TherapyPodiatryRadiology Social ServicesSpeech TherapyUrology

Auxiliary Report

Members of Board of Trustees

Term Expires February 2014Gene Cesari, PhD, West Newbury, VTMark Gleicher, Groton, VTMark Johnson, Bradford, VTCraig Labore, West Lebanon, NH

Term Expires February 2015Scott Horne, North Haverhill, NHMike Simpson, Woodsville, NH

Term Expires February 2016Teresa Puffer, Woodsville, NHRev. Dwight White, East Ryegate, VTAmy Perry, Bradford, VT

Marlene Sarkis, MD Medical Staff President

Mark Johnson Board Chairman

Total Community Benefits

$2,309,752

Community Health Services

Ex Officio MembersMarlene Sarkis, MD, Medical Staff PresidentLinda DeFrahn, DO, Corporate PresidentSarah Young-Xu, MD, Medical Staff Secretary

Trustees of Trust FundsStuart Pompian, Term Expires February 2014Francis Collins, Term Expires February 2015Mike Simpson, Term Expires February 2015Nelson Baker, Term Expires February 2016

8,183 ED visits

40,091 outpatient visits

199,883 clinical lab tests

12,753 diagnostic imaging tests

Maria Ryan, PhD, APRN Chief Executive Officer

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