The Board of Managers of the Lamb County Hospital (Lamb Healthcare Center) conducted a lengthy business meeting during the noon hour Tuesday, Feb. 15, 2022.
Tony Barton, board president, presided for the session in the Education Room of the hospital.
All board members were present, with the exception of Booner Smith, whose absence was excused by the board.
Following the call to order, there was no one who wanted to make a public comment during the open forum.
Minutes of the Jan. 18, 2022 meeting were approved unanimously as written.
Cindy Klein, Chief Executive
Officer, reviewed the financials ending Jan. 31, 2022, as compared with the previous year.
Financial Report
“Total revenue is $4,836,075, which is down $2,198,425 from the previous year,” she began.
“This is mainly due to a $1,579,604 reduction in inpatient Covid Patients and Outpatient revenue down to $859,550, which is mostly due to SleepTek revenue. These factors will most likely remain for the rest of the year, unless we have another large increase of Covid patients.,” she explained.
She continued her review of the hospital’s financial status at the end of January.
“Total operating expenses were reduced by $1,014,401 from the prior year. Salaries are down $206,754 due to less staffing needs this year.
“Audit fees are up $29,006 due to timing in the audit vs last year.
Medical supplies are down $27,649, and pharmaceuticals are down $272,929, partially due to SleepTek and less Covid inpatients. Maintenance contracts are
Maintenance contracts are down $26,064. Purchased services are down $448,924, partially due to SleepTek and less Covid inpatients.
Electricity is down about $12,000. Equipment rental is down $30,543, due to not having SleepTek equipment rental. Repair and maintenance are down $24,633. Physician reimbursement is up $49,150 due to more office visits at clinic. All expenses from January are probably not reflected here because of the timing of the Board meeting.
She reported: “Depreciation expenses are up $82,087 due to new equipment purchased last year.
She concluded with the report, explaining: “The net of income and expense is $284,500, which is down $1,266.111, due to a decrease in inpatient (Covid) and SleepTek revenue.” Next, she reviewed the Profit
Next, she reviewed the Profit and Loss Statement as of Jan. 31, 2022, for Lamb Healthcare Center’s Family Medicine Clinic.
Revenue before contractuals (which are not included in revenue) at the beginning of January was $195,181.
Total of Expenses at the end of the month was $123,473, which leaves a Net of Revenue and Expense at $71,708. The Clinic had 1,982 office visits, when 4,183 total procedures were done. The revenue (with lab) was
The revenue (with lab) was $302,670.29, while revenue with write-offs amounted to a total of $276,416.74, and receipts were $103,960.47. Olton Rural Health Clinic’s
Olton Rural Health Clinic’s Profit and Loss Statement as of Jan. 31, 2022. Revenue before contractuals
Revenue before contractuals was $17,618 (contractuals are not included in revenue.) The total of expenses
The total of expenses amounted to $20,237, which left the net of Revenue and Expense at a loss of ($2,619). The Olton Clinic had 199 of
The Olton Clinic had 199 office visits in January, when 415 total procedures were done. Revenue (with lab) amounted
Revenue (with lab) amounted to $47,630.11; while revenue with write-offs amounted to $45.225.95. The clinic received $11,220 in receipts.
Lamb Healthcare Center’s Cash Flow and Investment Schedule for the month ending Jan. 31, 2022, showed the beginning County Bank balance was at $6,476,426, and the total deposits amounted to $943,143.40. After total disbursements in the amount of ($1,172,115.07) were made, the ending county bank balance was at $6,247,454.33. Colored graphs were pre
Colored graphs were presented in the pages of reports for review.
The Medical Staff Report was presented by Dr. Rolando Rodriguez, MD, of the LHC Family Medicine Clinic in Littlefield.
During discussions about the shortage of physicians serving weekend schedules, he said he was considering helping out at the Olton Rural Health Clinic on Saturday mornings. He also reported there were no
He also reported there were no initial Appointments, or Reappointments of medical personnel to be approved. Environmental Contractor
Environmental Contractor Bids from Terracon, for removal of asbestos material from areas that will soon be undergoing construction at the hospital, were approved by vote of the Board of Managers.
Committee Reports Stacie Styron, Director of
Stacie Styron, Director of Nursing, presented a lengthy report on infection and QAPI reports for January.
Employee Health Insurance
Renewal of health insurance for employees will be due on July 1. The subject will be discussed and considered at a later meeting. Administrator’s Report
Administrator’s Report Cindy Klein talked more about
Cindy Klein talked more about SleepTek, and the possibilities that could be utilized. She suggested that they could start with home sleep tests, and have a doctor read the tests for results. A sleep test room could be set up at the hospital. Since the hospital has pur
Since the hospital has purchased some new equipment, some of the older stuff could be declared as surplus material, and given away free to the public, or to a tax free organization.
A list of such equipment is being made up, and a meeting will be called about it.
Board member excused
A unanimous vote of approval was made by the Board of Managers, to excuse Booner Smith for his absence at the Tuesday, Feb. 15, 2022 meeting. No Executive Session
No Executive Session
There was no executive session, so Board President Tony Barton adjourned the meeting at 1:45 p.m.