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Ends year with net loss of $290,000

Last updated: October 30. 2013 1:30PM - 677 Views

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Debbie Vennekotter, Studer Group Coach, spoke to the Jackson County Memorial Hospital Board of Trustees at their regular monthly meeting this week regarding the partnership between the Studer Group and JCMH. She reviewed many of the patient care projects that JCMH employees have been working on to improve our patient’s hospital experience and improve patient care.


Kevin Gore and Erin Thompson from BK&D attended the meeting to present the Annual Audit Report for 2012-2013. The hospital had a clean audit with an unmodified opinion. Gore provided statistics from July 2009 through June 2013. The audit results indicated the hospital ended the year with a net loss of $290,000. The board approved the audit as presented.


The board approved the Implementation Strategy to the Community Health Needs Assessment that was approved by the board in July 2013, as presented by Mrs. Bonnie McAskill. The Implementation Strategy addresses the top three health priorities that were identified in the Community Health Needs Assessment. Those health priorities were 1) cancer 2) diabetes and 3) heart disease & stroke. The information is available on the JCMH website as this is a requirement of the Affordable Care Act.


Jim King reported from the Performance Improvement Committee meeting that was held on Oct. 2.


Michelle Ford reported from the outreach clinics. The clinics continue to be busy. A total of 220 admissions and 138 outpatient procedures and observations were contributed to the hospital in the month of September.


Bill Wilson reported on physician recruitment activity. Recruitment efforts continue in Family Practice, Emergency Medicine and Pediatrics.


Fixed Assets from Funded Depreciation and Designated Funds to Funded Depreciation were approved in the amount of $22,124.70.


The board approved the revisions made to the Investment Policy as presented by Nancy Davidson.


Richard Pope presented the quarterly safety report including the number of fire drills conducted, fire system inspection, new employee orientation and work related injuries. He noted that all employees who reported injuries for the quarter are back to work.


The board voted against making the additional matching contribution of 3.5% to the employee’s 401k plan. This decision was made after reviewing the audit report for 2013.


Dr. June Knight gave an update on the activities of the CEO Search Committee on behalf of the committee. Witt/Kieffer has worked very closely with the Search Committee during the past several months with numerous meetings and calls. From the initial 500 candidates contacted, 40 were screened, preliminary interviews with Witt/Kieffer were conducted with 12, and the final 4 came in for initial interviews with the Search Committee. One of the 4 withdrew and after the initial interviews the final decision was made for two candidates to come in for a two day extensive interview. The two day interviews are being scheduled as well as a special board meeting for further discussion by the Board of Trustees.


Dr. Joe Leverett reported from the JCMH Medical Staff Executive Committee meeting that was held on Oct. 7. The Board approved the following recommendations:


Initial Appointments:


Srilatha Ayirala, MD – Internal Medicine/Cardiovascular Disease, Courtesy Staff


Genevieve Dulan, MD – Emergency Medicine, Courtesy Staff


Natalie Murta, DO – Emergency Medicine, Courtesy Staff


Reappointments:


Manda Stephens, APRN-CNP – Family Medicine, Affiliate Staff


Nicole Williamson, MD – Internal Medicine/Hospitalist, Courtesy Staff


Before adjourning, Nancy Davidson reported on the Financials for the month of September. The month ended with a net income of $66,303. The year-to-date net loss was reduced to $713,642.


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