Hospital approves 2015-16 FY budget

Jackson County Memorial Hospital, Board of Trustees met earlier this week and reviewed and approved the annual budget for the 2015-2016 fiscal year. This is to include anticipated net operating revenues of $68,998,661 and total expenses of $68,855,697 which would produce a net operating margin of $142,964. The anticipated full-time employee equivalency would be 578.9 FTEs. This is made up of full-time and part-time employees.

The board also reviewed and approved the capital budget in the amount of $2,084,671.

The board also approved the Mission, Vision and Value Statements as presented by Steve Hartgraves.

Hartgraves also reported on physician recruitment activity. Dr. Pacheco, Family Practice, will join the Medical Clinic July 27, Dr. Isaac, Family Practice, will join the Medical Clinic August 10, Dr. Perryman, Family Practice, will join the Medical Clinic in September and Dr. Kashyup, Pediatrician, will join the Pediatric Clinic in October. Recruitment efforts continue for a general surgeon.

Fixed Assets from Funded Depreciation and Designated Funds to Funded Depreciation were approved in the amount of $56,588.39.

Michelle Ford reported from the JCMH outreach clinics. There were a total of 213 admissions and 98 outpatient surgeries and observations contributed to JCMH for the month of May.

The board approved the Written Capital Expenditure Plan for Home Care stating Home Care does not anticipate any capital expenditures in excess of $600,000 for the next three years.

The board approved a resolution to terminate the 403b Plan as requested by Nancy Davidson.

The board approved a resolution for the formation of, and investment in LifeCare Alliance. This also authorizes Hartgraves is to act as the Administrative Director of the Alliance and to execute and deliver the Operating Agreement of the Alliance.

The board approved the recommendations from the Nominating Committee to appoint the following officers for the 2015 – 2017 term. Chairman – Bob Howard, Vice – Chairman, Renee Collingwood, and Secretary/Treasurer – Gary Beach. The new officers’ term will begin July 1, 2015.

The board approved a Letter of Credit held at Shamrock Bank for the Worker’s Compensation court in the amount $525,000.

In new business, the board approved bank resolutions for Shamrock Bank and MidFirst Bank to change the bank signature cards to include Bob Howard as the Chairman of the Board effective July 1.

Dr. Joe Leverett reported from the JCMH Medical Staff Executive Committee meeting that was held on June 8. The Board approved the following recommendations:

1. Reappointments: Greg Pickett, DO – Orthopedic Surgery, Active Staff; Rebecca Sager, MD – Pathology, Active Staff; Nicole Chen, APRN-CNP – Family Medicine/Acute Care, Allied Health Staff; Kandi Cunningham, APRN-CNP – Pediatrics, Allied Health Staff; Mark Waterman, APRN-CRNA – Anesthesia, Allied Health Staff; Nolen “Dale” Anderson, DO – Emergency Medicine, Courtesy Staff; Jamie Hokett, MD – Family Medicine, Courtesy Staff; Ousama Moammar, MD – Internal Medicine/Hospitalist, Courtesy Staff; and Jose Najera, MD – Oncology/Hematology, Courtesy Staff

Davidson reported on the Financials for the month of May resulting in a net loss of $831,177 and a year to date net loss of $789,041.

Before adjourning, Hartgraves gave the management report to include a Women’s Center Update – Phase II of the project is currently being reviewed by the Oklahoma State Department of Health; and Organizational Structure – JCMH has applied for Rural Health Clinic designation for the existing JCMH clinics.

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