Hospital Chief Financial Officer Ron Bailey told Hospital Service District 1 commissioners Thursday that there was a $106,942 profit on the month as compared to a projected $68,988 loss. He noted that there was a $185,007 Medicaid upper limit payment received on Nov. 1 that was recorded as non-operating income.
The year-to-date bottom line is at $111,410.
Gross patient revenue came in at a little over $2.9 million or almost 7.5 percent over budget. Inpatient revenue was ahead of budget by $117,000 or 20.5 percent, Budget overages were noted in ICU, medical and surgical, central and sterile supply, lab and respiratory therapy while hospitalist revenue was under budget for the month.
Slower than projected activity in swing bed volume resulted in a 28 percent negative deviation in budget while outpatient revenues of $87,000 were 5.27 percent over budget.
Physician revenues were over budget $37,000 or 14.95 percent since the budget was based on the operation of the orthopedics office only one day a week. Bailey noted that Dr. John Osborne is operating his new clinic in the former imaging center building on Northwest Boulevard five days a week. Revenue from that office over budget by $84,000 was offset by lower than anticipated revenue from wound care and family health offices, Bailey said.
Operating expenses were $1.77 million, just 2.4 percent over budget bringing that year-to-date total to almost $3.6 million.
In other business the board:
—Approved resolutions on unclaimed properties and amendment of its bylaws.
—Agreed to change the regular monthly meeting date to the fourth Thursday of the month with exceptions in February to be held on the 16th, November on the 29th and December on the 20th.
—Approved the purchase of a new diagnostic ultrasound system with two pocket ultrasounds at a cost of $147,000.