The Lamb County Board Meeting of Managers met for their regular meeting on Tuesday, June 21 at noon in the Education Room of Lamb Healthcare Center.
Members present for the meeting were President Tony Barton, Vice-President Steve Busby, Treasurer Carla Synatschk, Secretary Jeni D. Brunson, Johnny Rosemond, Cindy Muller, Evan Maxwell and Brenda Alcaraz.
Members absent: Booner Smith.
Hospital staff members present were CEO Cindy Klein, CFO Dylan Brown, Administrative Assistant D’Ann Craig, DON Stacie Styron, Dr. Rolando Rodriguez, MD, Dr. Cindy George, MD, and Elizabeth Vargas.
Visitors present at the meeting were Aaron Milligan of Durbin & Co., and Samantha Pontius of Lamb County Leader News.
The meeting was called to order at 12:03 p.m. by President Tony Barton and there was no one present for open forum.
After a review of the May 17, 2022 minutes, Cindy Muller made a motion to approve the minutes and was seconded by Johnny Rosemond. The motion carried unanimously.
Aaron Milligan, CPA with Durbin & Co., presented to the Board the results of the 2021 independent audit report performed on the hospital’s financial statements.
Dylan Brown, CFO, reviewed the financial report for May with the following information:
On the Balance Sheet, the total amount of AR for Lamb Healthcare Center was $6,112,897. Total investment amount was $0, making Total Cash Flows $6,112,897.
On the Income Statement (Actual vs Prior Year), total revenue was $8,227,969, which is down $2,549,327 from the previous year. This is mainly due to a $1,488,732 reduction in Inpatient COVID-19 patients and a $2,563,984 reduction in Outpatient revenue andSleepTek. Inpatient revenue is the biggest factor.
These factors will most likely remain for the rest of the year, unless we have another large increase in COVID patients. Total Operating Expenses were reduced by $1,275,940 from the prior year. Medical Supplies increased $14,156 due to price increases.
Pharmaceuticals are down $268,895 due to less inpatients per COVID. Lab reagents are up $54,216 due to increase in cost. Maintenance contracts are down $52,048. Purchased services are down $963,119 partially due to SleepTek and less COVID patients.
Equipment rental is down $61,006 due to not having SleepTek equipment rental. Repair and maintenance are down $19,430. Physician reimbursement is down $138,794 due to less COVID visits at the clinic.
Depreciation expenses are up $138,315 due to new equipment purchased. Net of income and expenses are $960,192, which is down $1,411,702 due to a decrease in inpatient COVID and SleepTek revenue.
On the Profit and Loss Statement for LHC Family Medicine, revenue before contractuals was $156,306. Total expenses was $156,159 with a net revenue and expense of $147. Contractuals are not included in revenue.
On the Profit and Loss Statement for Olton RHC, revenue before contractuals was $4,103. Total expenses was $8,475 with a net revenue and expense of $4,372.
On the Medical Staff Report, Dr. Rodriguez, MD notified the Board that Medical Staff approved the Initial Appointments of Dr. Ronnie McMurry, MD with Concord and Dr. Mark L. Camens, MD with Direct Radiology. Reappointments were approved for Dr. James Brull, DVM, MD; Dr. Avez A. Rizvi, MD and Dr. James C. Haug, DO, all with Direct Radiology. Carla Synatschk made a motion to approve the Initial Appointments and Reappointments, seconded by Jeni D. Brunson. The motion carried unanimously.
On the Committee Reports, Stacie Styron, DON reviewed the Infection Control, Trauma and QAPI reports for October.
Cindy Klein requested that the Board make a decision on whether masks should remain mandatory for hospital staff and visitors. Steve Busby made a motion to life the mandatory mask mandate, seconded by Cindy Muller. The motion passed unanimously.
Cindy Klein notified the Board that open enrollment for health insurance was due before July 1 st and asked for a decision on whether the hospital was going to raise the amount it pays per employee for health insurance or if it was going to remain the same. The hospital currently pays $309 per employee for insurance. Steve Busby made a motion to leave the amount paid the same at this time. The motion was seconded by Carla Synatschk and passed unanimously.
Cindy Klein informed the Board that the hospital will be changing insurance agents from Inlight Risk Management to Insurica due to poor customer service. This only pertains to the hospital’s insurance and does not affect employee insurance. She also informed the Board that Dr. Gagnon will be joining LHC Family Medicine on August 1 st .
A motion was made by Cindy Muller to excuse the absence to Booner Smith, seconded by Jeni D. Brunson. The motion passed unanimously.
With there being no further business to discuss, Carla Synatschk made a motion to adjourn, seconded by Johnny Rosemond. The motion passed and the meeting was adjourned at 1:36 p.m.