For the second time this year, the Share hospital, convalescent home and The Homestead made profits. The operating cash balance for May was $468,519, which represents 13.4 days of operating expenses, excluding depreciation. The accounts receivable balance was up $4,406 to $2,900,273.
The accounts payable balance for May was $673,845. This represents 43.4 days of operating expenses excluding costs related to salaries, benefits and depreciation.
Gross patient revenue for the hospital for May was $2,011,759, which was a $147,842 increase compared to the prior month. Nursing home revenue increased by $5,880 and for The Homestead it increased by $17,022. Total patient days for May were 124 compared to 135 in April. Clinic office visits were up in May to 1,390 compared to 1,358 in April. The nursing home census for April and May was almost identical: 53.6 in April compared to 53.5 in May.
The hospital contractuals (deductions by Medicare) were 57.9 percent of gross patient revenue. Net operating income for May was $214,512, which was bumped up by sales tax revenue to $281,244.
During the CEO's report by Kandice Allen, several new employees were announced. These include Shelby Bender: Convalescent Home Nursing Department; Alina Fraire, Business Office; Itzel Marquez, Dr. Kinzie's Clinic; Krystal Elliott, Hospital Nursing Department; Mikala Gillig, Radiology; Abby Martin, Convalescent Home Nursing Department; Julia Buckingham, Hospital Nursing; Morgan Gregory, Convalescent Home Nursing Department; Kylee Loustaunau, Convalescent Home Nursing Department; and Kaitlyn Winters, Convalescent Home Nursing Department.
Allen praised the work of Dr. Ken Brown who handles patient satisfaction surveys for inpatient, emergency department and urgent care services. Nearly 50 surveys have been completed and the CEO said the surveys help to quickly address any trends or problems.
The hospital board agreed to make a major purchase of a mammogram machine. For the last couple of months, the hospital's ten-year-old machine has not been producing as clear X-rays as desired. The hospital has handled the issue by bringing in mobile trucks to handle mammograms. At Tuesday night's meeting, the board agreed to purchase a modern digital machine from GE for $125,149.98. This is a re-built machine by GE and comes with a standard one-year warranty. The machine is guaranteed to meet the same specs as a new one and will save the hospital about $180,000.
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