“Right now, we’re in the black,” Chief Financial Officer Holly Harper said during Thursday morning’s meeting of the SCKMC Board of Trustees.
Last month saw $150,569 of profit, compared to a loss of $344,813 in February 2016.
In addition to that news, Harper reported SCKMC’s accounts payable are in a much improved state.
There is only $11,000 left in the “more than 120 days late” range, a vast improvement over this time last year.
Part of this improved financial status is due to larger daily census numbers recently.
SCKMC is sitting at an average daily census of more than 18, improved from less than 10 last year.
In a meeting last year, it was said that the hospital needed an average daily census of approximately 13 to become profitable.
Most of the increase can be attributed to the senior Geriatric Psych Unit that was added at the beginning of this year.
Working to reduce supply costs has been an ongoing effort that also has seen a decrease in prices, despite serving twice as many patients.
However, one factor that could work to the detriment of hospital finances in the coming months is the injuries sustained by Dr. Tyson Blatchford in a recent vehicle collision. Blatchford, the only full-time surgeon at SCKMC, has been out due since early this month to the injuries.
In other business, the board:
- approved the minutes of the February meeting.
- heard a quality performance update from Mandy Maples, director of quality improvement and risk management.
- approved the appointment or reappointment of credentials to 15 physicians and nurses.
- heard a report from chief of staff Dr. Perry Lin.
- approved the creation of a new bank account for South Central Kansas Clinic.
- held an executive session to hear a risk management report, discuss non-elected personnel matters and consult with board attorney Otis Morrow.
Board member Dr. Nick Rogers, City Manager Nick Hernandez and Commissioner Dan Jurkovich all were absent from the meeting.