Report shows revenue, volume increases in 2014 for The Memorial Hospital | CraigDailyPress.com

Report shows revenue, volume increases in 2014 for The Memorial Hospital

Certified public accountant Shaun Johnson, right, from Dingus, Zarecor & Associates, presents The Memorial Hospital's audit report to the Board of Trustees at its monthly meeting Wednesday night. Johnson said the hospital's net patient service revenue increased by more than $2 million in 2014 compared with 2013, in large part due to an increase in patient volume. Next to Johnson, TMH Controller Denise Arola listens while interim Chief Financial Officer Tim Howard studies the report.

At its monthly meeting, The Memorial Hospital Board of Trustees did the following:

• Heard from Chief of Staff Larry Kipe, M.D., about plans to authorize an infectious disease expert to be able to provide telemedicine to patients at TMH.

"There would be no way the hospital would (be able to) have an on-site infectious disease expert, so I think this is a wonderful way to get some advice in complicated cases," Kipe said.

• Heard an update from TMH Chief Executive Officer John Rossfeld that the hospital's new rehabilitation facility on Yampa Avenue is currently stalled due to upgrades needed to the building to meet safety regulations from the state fire board. Unfortunately, due to the building owner's sudden death, the building is in probate and the upgrades are on hold.

Rossfeld also shared that the hospital's new mammography machine went live last week, and the 3-D component will be implemented once the Federal Drug Administration gives approval. Lastly, he said that TMH is working to create a new dental surgical program for dental patients needing anesthesia.

• Listened to its yearly audit report from certified public accountant Shaun Johnson from Dingus, Zarecor & Associates. There were no material findings in the audit, meaning there was nothing to call into question the integrity of the hospital's financial statements. The firm advised the hospital on several points for improvement.

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Johnson reported that the hospital saw an increase in volume in 2014, which contributed to an increase in net patient service revenue of more than $2 million over the prior year, from $31,754,420 in 2013 to $33,791,487 in 2014.

• Heard a financial report from TMH Controller Denise Arola, who said that February was a slow month, with decreased volume in patients and a decrease in surgical volume. The hospital's total loss for the month was nearly $629,000.

• Heard a recruitment update from Chief Human Resources Officer Jill Spencer, who said that at least two more candidates will visit TMH and interview for two Emergency Department physician positions.

Spencer also said that TMH Clinic will welcome a new physician assistant, Arben Vuthi, who is scheduled to start May 4. Vuthi has previously served in the military and will work in family practice and in the Convenient Care walk-in clinic. He speaks Spanish as well as Arabic, Greek, German and Albanian, according to clinic practice administrator Terri Jourgensen.

Rossfeld said that Vuthi's addition should help to reduce wait times at the walk-in clinic, which some community members have complained are long.

• Held executive session to discuss specific legal matters with its legal counsel.

Contact Lauren Blair at 970-875-1794 or lblair@CraigDailyPress.com.

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