Reimbursement helps FFH post profit in June
Jul 22, 2011 | 1121 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Franklin Foundation Hospital finished the month of June with a $640,636 profit, thanks to a large Disproportionate Share Hospital payment.

Chief Financial Officer Ron Bailey told Hospital Service District 1 commissioners Thursday that the DSH backfill payment was $711,021.

DSH is a reimbursement program for hospitals that serve a large number of low-income patients that are either on Medicaid or are uninsured.

The receipt of the DSH payment brings the hospital’s year-to-date bottom line to almost $1.2 million with three months of the fiscal year remaining.

Also Thursday, Chief Financial Officer Parker Templeton told the board that the hospital will be getting another financial boost from the Physician Upper Payment Limit program in the amount of $736,000.

In other business the board:

—Approved consulting credentials in radiology Drs. for Dean Batten, John Works Boardman, James Brull, Michael Joseph Cooney, Laurie Lynn Gutstein, Timothy Sebastian Fisher, Peter David Holt, Nina Ellen Kottler, Margaret Grant McKernan and Thomas Henry Vreeland; and consulting in emergency medicine for Dr. Derrick Dean.

—Approved retention of Merritt Hawkins and Associates to provide recruitment services in the search for a general surgeon.

—Learned from Chief Nursing Officer Jennifer Wise that a new physical therapist, Heather Gonsoulin is on board. Wise also announced that the hospital will be having a health fair on Aug. 25 with various departments participating. It will be free and open to the public from 10 a.m. to 1 p.m.
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