The Lamb Healthcare Center Board of Managers held their regular meeting on Tuesday Sept. 19th in the Education Room at LHC. The meeting was called to order at 12:04 p.m. by President, Carla Synatschk and the invocation was given by Booner Smith. After a review of the July 27th, 2023, minutes, Johnny Rosemond made a motion to approve the minutes and it was seconded by Molly McCarty. The motion passed unanimously.
Dylan Brown, CFO, reviewed the Financial Report for August 2023 with the following information: On the Balance Sheet provided, the Total Cash Flow amount shows $283,094. On the Income Statement (Actual vs Prior Year), total revenue was $11,337,416, which is up $635,273 from the previous year. Total Operating Expenses increased by $586,840 from the prior year.
On the Profit and Loss Statement for LHC Family Medicine, revenue before contractuals was $150,048. Total Expenses were $161,065 with a net revenue and expense of ($11,017). Contractuals are not included in revenue. The clinic had a total of 1,632 office visits and 4,379 procedures performed.
On the Profit and Loss Statement for Olton RHC, revenue before contractuals was $14,865. Total expenses were $21,695 with a net revenue and expense of ($6,830). The clinic had a total of 142 office visits with 310 procedures performed.
Dr. Rolando Rodriguez, MD gave the Medical Staff Report, notifying the Board that the Medical Staff approved the Initial Appointment of Dr. Benjamin Menlove, DDS (Kid’s Camp Dental).
Jeni D. Brunson made a motion to approve the Initial Appointment of Dr. Benjamin Menlove, DDS and it was seconded by Rosemond. The motion passed unanimously.
Brown reviewed the 2024 proposed Budget with the Board.
Stacie Styron, DON went over the Committee Reports, reviewing the Infection Control, Trauma and QAPI reports for August.
President Synatschk informed the Board that she has been in contact with Chase Walker, Health Policy Advisor for Rep. Jodey Arrington in an effort to further campaign the need to designate the hospital as Critical Care Access.
Sleep Lab Director Kenna House informed the Board that renovations to the office building in Lubbock will take approximately seven weeks to complete and we are maintaining the budget for renovations at this time. Signage will need to be approved and placed on Frankford Ave. at the turnoff to the office building. Home Studies should begin in eight weeks, pending renovation completion.
Cindy Klein, CEO, gave the Administrator’s Report, informing the Board that she has been in contact with other facilities to inquire about the use of Nurse Practitioners and Pas in the Emergency Room to see if this is an option that we may utilize in the future.
She also stated that the Operating Room Flloring has been removed and will be reinstalled due to moisture issues.
With there being no further business to discuss, Smith made a motion to adjourn and it was seconded by Jason Spangler. The motion passed unanimously and the meeting was adjourned at 1:46 p.m.