Members of the hospital’s budget and finance committee were told at their Sept. 24 meeting that the report marks four consecutive months of improved financial reporting. This includes two consecutive months of positive hospital operating revenue.
Roger Forgey, president and CEO, said, “Just six months ago the health system lost over two million dollars in one month when every division lost money. Today we are pleased with a $20,000 system loss because of the dramatic improvement. It is not possible for any organization to save their way to success. We must have quality physicians and staff to be successful and we will continue to incur additional costs associated with doing that. However, it will take time rebuilding our services, and as a result there will be good months and bad months. Such is the nature of a community hospital.”
Positive earnings from operations in August were $185,762, up more than $100,000 in July. Contributing to the gain were an increased hospital census, up 35 percent over last year, and improvements in the number of surgeries performed.
There was a 29 percent upswing in outpatient surgeries, along with an 18 percent increase in total surgeries over August 2011.
The medical center also saw an upturn in commercial payer insurance for August, while its case index also continued to increase. This is indicative that patients of a more serious nature are being treated at the hospital.
Hospital officials reported a consolidated loss, including physician clinics, of $20,836 in August 2012, compared to a budgeted loss of $162,263. August earnings show a $1.52 million improvement over Hutcheson's financial report of a year ago. Just last month the hospital announced a $1.62 million improvement over its July 2011 report.
“This month's financial report is encouraging to all of us,” said Forgey. “It is a result of hard work by the Hutcheson team, increased involvement by physicians, and a renewed commitment by the community to support their local hospital.”