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Hospital ends year in the black

Staff writer

Marion County Hospital District #1 board of directors met Oct. 21 and heard the hospital ended the year with a profit.

Administrator Jeremy Armstrong reported the net operating income for 2008 was $611,602 in the red after figuring revenues received from operations and expenses paid for operations.

However, the hospital ended the year in the black with a total net revenue of $261,000 with revenue from interest, rental/lease income, and tax revenues.

September financials

Acting chief financial officer Bev Reid reported inpatient revenue in September had increased nearly 27 percent from August and was more than 18 percent ahead of the same time last year.

St. Luke Living Center revenue also was ahead of last year by 3.53 percent.

Home health revenue had increased nearly 48 percent since August.

However, St. Luke Physicians Clinic revenue was slightly lower than in August and the net income from operations was in the red by more than $6,000.

Overall, the net income for September was $64,604, making the year-to-date income $251,488, ahead of budget by $26,704.

Statistics revealed that acute inpatient days were up one and swing bed days had increased 34 from August. However, for the year, acute days are down 18 but swing bed days are up eight.

Home health had 99 more visits in September than in August, for a total of 801 visits thus far this year.

The living center remained near capacity.

Laboratory procedures were down one percent or 28 procedures but year-to-date procedures are up by 16.33 percent.

Radiology scans are up 40 from August and remain ahead by 27 percent for the year.

Physical therapy visits were down by 20.

In other business:

  • Forty-four new patients were seen at St. Luke Physicians Clinic.
  • An optometrist from Emporia is interested in offering outreach optometry services in Marion.
  • One resident from Golden Living Center, which is closing in November, was placed in the living center.
  • Brenda Dawson, R.N., has resigned.
  • Janice Case and Laura Williams were appointed to the foundation board for three-year terms.
  • Dr. Richard Moberly and Dr. Salman Ashfaq were approved for credentialing.
  • The board also approved to have Armstrong negotiate the hiring of a chief financial officer.

Last modified Oct. 29, 2008

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