The Lamb County Board of Managers met in regular session on Tuesday, Jan. 17 in the Education Room at Lamb Healthcare Center.
The meeting was called to order at 12:03 p.m. by Carla Synatschk, President.
CEO Cindy Klein introduced Jason Spangler as the newest Board member. He resides in Springlake with his wife and five children.
There was no one present for open forum and after a review of the December 16, 2022, minutes, Johnny Rosemond made a motion to approve the minutes, which was seconded by Booner Smith. The motion passed unanimously.
Financial Report:
Dylan Brown, CFO reviewed the Financial Report for December 2022 with the following information: On the Balance Sheet provided, the Total Cash Flow amount shows $3,290,913. On the Income Statement (Actual vs Prior Year), total revenue was $4,350,819, which is up $301,539 from the previous year. Total Operating Expenses were reduced by $601,059 from the prior year.
Pharmaceuticals were down $177,725 due to less drug use. Lab reagents are down $14,535. Maintenance contracts are up $16,307. Purchased services are down $183,129 partially due to SleepTek in the first few months of last year. Equipment rental is down $11,978. Physician reimbursement is down $20,450.
On the Profit and Loss Statement for LHC Family medicine, revenue before contractuals was $181,611. Total expenses were $194,028 with a net revenue and expense of ($12,417). Contractuals are not included in revenue.
On the Profit and Loss Statement for Olton RHC, revenue before contractuals was $14,782. Total expenses was $15,463 with a net revenue and expense of ($681).
Medical Staff Report:
Dr. Rolando Rodriguez, MD notified the Board that Medical Staff approved the Initial Appointment of Dr. Donald Klinger, DO of Concord Medical.
Reappointment was approved for Dr. Rolando Rodriguez, MD, with Concord Medical.
Jeni D. Brunson made a motion to approve the Initial Appointment of Dr. Klinger, DO and it was seconded by Rosemond. The motion passed unanimously.
Brunson made a motion to approve the Reappointment of Dr. Rodriguez, MD and it was seconded by Johnny Rosemond. The motion passed unanimously.
Committee Reports:
Stacie Styron, DON reviewed the Infection Control, Trauma and QAPI reports for December. See Medical Staff packet for these reports.
LHC Sleep Lab: Cindy Klein informed the Board that Kenna House has been hired as Director of the LHC Sleep Lab and will start February 1st.
Klein will be meeting with a realtor later in the week to view potential properties to set up the sleep lab. House estimates that if we had two beds plus home studies and one technician, we could potentially book up to 12 studies in one week. It was verified that we do not need a license in order to conduct studies, however we must be accredited.
Capital Equipment:
An estimate in the amount of $42,000 was received for the equipment that is needed for the studies. Klein requested the approval to purchase this equipment. Brunson made a motion to approve or deny purchasing the equipment. The vote was two for and three against. The motion was denied.
The Board requested more detailed information before approving such a large amount for equipment. They would like to have House at the next meeting to go over property cost and revenue estimates for each sleep study that is done.
Election of Officer:
With the resignation of Cindy Muller, the position of Treasurer needed to be filled. Carla Synatschk called for nominations. Brunson nominated Evan Maxwell and the nomination was seconded by Rosemond. The motion was approved unanimously.
Administrator Report:
Klein reminded the Board that the members needed to turn in their meetings certifications as soon as possible.
She informed the Board that the hospital is applying for Critical Care Access status and requested that the members of the Board call Representative Jodey Arrington to reiterate the reasons why it is so important for the hospital to have this classification.
Executive Session:
With no further items on the agenda needing to be discussed, at 1:28 p.m. Steve Busby made a motion to enter into executive session, seconded by Maxwell. The motion passed unanimously.
Executive Session was adjourned at 1:55 p.m.
Consider and take appropriate action on Excusing absent Board Members:
A motion was made by Rosemond to excuse the absence of Brenda Alcaraz. The motion was seconded bySmith and passed unanimously.
With there being no further business to discuss, Brunson made a motion to adjourn and it was seconded by Rosemond. The motion passed unanimously and the meeting was adjourned at 1:58 p.m.