Hospital ends the year with a net loss

staff reports

It was told at this week’s regular meeting of the Jackson County Memorial Hospital Board of Trustees that the hospital ended the year with a net loss. Kevin Gore from BK&D attended the meeting to present the annual audit report for the year ending June 30, 2015. The audit results indicated the hospital ended the year with a net loss of $1,374,783. The board accepted the audit as presented.

In recognition of the 2015 audit report presented by Gore the board voted to not approve the additional matching contribution of 3.5% to the employee’s 401k plan.

Nancy Davidson reported on the financials for the month of October resulting in a net loss of $153,340 and a year-to-date net loss of $184,544.

Jim King then presented the highlights from the Performance Improvement Council meeting that was held Nov. 4, followed by a report on the outreach clinics by Michelle Ford. Ford reported that the outreach clinics contributed a total of 236 admissions and 179 outpatient procedures and observations for the month of October. Dr. Kashyap, Pediatrician, began seeing patients in the Pediatric Clinic last week.

Fixed assets from Funded Depreciation and Designated Funds to Funded Depreciation were approved in the amount of $50,031.39.

Steve Hartgraves reported from the JCMH Medical Staff Executive Committee meeting that was held on Nov. 9. The Board approved the inital appointment of Gabrielle Ardnt, PA-C – JCMH Medical Clinic, Allied Health Staff; and the reappointments of Karri B. Vadney, RN – Surgical Assistant, Allied Health Staff; Aly E. Aly, MD – Nephrology, Consulting Staff; and Timothy Kaiser, MD – Otolaryngology, Courtesy Staff. Also approved were Elevation of Provisional Staff to Courtesy Staff for Kristen Warnock, DO.

The board entered into Executive Session to discuss potential litigation and a physician contract issue.

Before adjourning, Hartgraves gave the management report that included an update on the Women’s Center. He said that they had to continue to wait for final approval from the Oklahoma State Department of Health.

staff reports

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