The Lamb County Board of Managers met in regular session on Tuesday, Sept. 20, 2022 at noon in the Education Room of Lamb Healthcare Center.
Members present were President Tony Barton, Vice President Steve Busby, Treasurer Carla Synatschk, Evan Maxwell, Booner Smith and Cindy Muller.
Members absent were Secretary Jeni D. Brunson, Johnny Rosemond and Brenda Alcaraz.
Hospital staff present were CEO Cindy Klein, CFO Dylan Brown, Administrative Assistant D’Ann Craig, DON Stacie Styron, ADON Elizabeth Vargas, Chief of Staff Dr. Rolando Rodriquez, MD, Dr. Cindy George, MD, and Dr. Gagnon, MD.
Visitors present were Patty Hill and Samantha Pontius of the Lamb County Leader News.
President Tony Barton called the meeting to order at 12:05 p.m.
No one spoke for public comment.
After a review of the Tuesday, Aug. 16, 2022 minutes, Carla Synatschk made a motion to approve the minutes. The motion was seconded by Booner Smith. The motion passed.
CFO Dylan Brown reviewed the Financial Report for Aug. 2022 with the following information: On the Balance Sheet, the total amount of AR for Lamb Healthcare Center was $4,094,270. The total investment amount was $0, making the Total Cash Flows $4,094,270. On the Income Statement (Actual vs Prior Year), total revenue was $10,687,718, which was down $3,962,334 from the previous year. This is mainly due to a $1,663,931 reduction in Inpatient COVID- 19 patients and a $4,074,345 reduction in Outpatient revenue and SleepTek. Inpatient revenue is the biggest factor.
Total Operating Expenses were reduced by $1,490,846 from the prior year. Pharmaceuticals were down $341,937 due to less inpatients per COVID. Lab reagents were up $32,943 due to an increase in cost. Maintenance contracts were down $49,315. Purchased services was down $1,064,505 partially due to SleepTek and less COVID patients. Equipment rental was down $98,006 due to not having SleepTek equipment rental. Physician reimbursement was down $26,744 due to less COVID visits at the clinic.
On the Profit and Loss Statement for LHC Family medicine, revenue before contractuals was $189,168. Total expenses were $278,681 with a net revenue and expense of $89,513, which was a loss. Contractuals are not included in revenue.
On the Profit and Loss Statement for Olton RHC, revenue before contractuals was $14,918. Total expenses were $13,727 with a net revenue and expense of $1,191.
Dr. Rolando Rodriquez, MD notified the Board that Medical Staff did not have any physician appointments or reappointments to approve at this time. He also noted that Cindy Klein reported to Medical Staff that the new Operating Room bed, baby warmers and birthing bed have all been ordered, but there was no specific ETA at this time.
Stacie Styron, DON, reviewed the Infection Control, Trauma and QAPI reports for August, which were presented in the Medical Staff report packet.
Cindy Klein notified the Board that a quote has been submitted for review in the amount of $48,263 for the flooring in the Operating Room. This can be covered in the current construction contingency plan. She requested the Board vote to approve. Carla Synatschk made a motion to approve the request, which was seconded by Cindy Muller. The motion carried.
Cindy Klein informed the Board the hospital has currently paid over half of the total for construction so far and the 80 percent inspection has already been done. Flooring is currently being installed at this time.
With there being no further items on the agenda needing to be discussed, Carla Synatschk made a motion to enter into executive session. The motion was seconded by Booner Smith. The motion carried. The Board went into executive session at 12:40 p.m. The Executive Session closed at 1:35 p.m.
The next item on the agenda was to consider and take appropriate action on excusing the absent board members. A motion was made by Cindy Muller to excuse the absences of Johnny Rosemond, Jeni D. Brunson and Brenda Alcaraz. The motion was seconded by Booner Smith. The motion carried.
With there being no further business to discuss, Carla Synatschk made a motion to adjourn the meeting, which was seconded by Booner Smith. The motion carried. The meeting was adjourned at 1:39 p.m.