The Lamb County Board of Managers met in regular session on Feb. 21st in the Education Room of Lamb Healthcare Center.
The meeting was called to order at 12:03 p.m. by Board President, Carla Synatschk and the invocation was given by Booner Smith.
After a review of the Feb. 9, 2023, minutes, Jeni D. Brunson made a motion to approve the minutes and it was seconded by by Jason Spangler. The motion carried.
Dylan Brown, CFO reviewed the Financial Report for January 2023 with the following information.
On the Balance Sheet provided, the Total Cash Flow amount shows $3,217,958. On the Income Statement (Actual vs. Prior Year), total revenue was $5,351,559, which is up $530,443 from the previous year. Total Operating Expenses were reduced by $209,654 from the prior year.
Pharmaceuticals were down $264,143 due to less drug use. Lab Reagents are down $20,072. Maintenance contracts are up $28,237. Equipment rental is down $12,890. Repair and Maintenance is up $12,993 due to new equipment.
On the Profit and Loss Statement for LHC Family Medicine, revenue before contractuals was $176,236. Total expenses were $275,180 with a net revenue and expense of $1,056. Contractuals are not included in revenue.
On the Profit and Loss Statement for Olton RHC, revenue before contractuals was $15,081. Total expenses was $21,463 with a net revenue and expense of ($6,382).
Dylan Brown also provided the Board with copies of the Supplemental Payment Programs (including acronyms) the hospital was currently participating in as requested.
Dr. Rolando Rodriguez, MD, notified the Board that there were no appointments or reappointments presented during the Medical Staff Meeting.
Committee Reports
Stacie Styron, DON reviewed the Infection Control, Trauma and QAPI reports for January.
LHC Sleep Lab
Cindy Klein informed the Board that Brent Fuller with Durbin & Co. will be doing a proforma for the Sleep Lab which will include estimated revenue and expense amounts.
Kenna House is performing some behind-the-scenes marketing while the final details are being worked out to begin operating. There is currently one potential location in Lubbock and there have been no new potential properties presented for showing.
New Project
President Synatschk made a motion to discuss the New Project item listed on the agenda in Executive Session, and it was seconded by Steve Busby and passed unanimously.
Administrator’s Report
Cindy Klein informed the Board there is approximately $186,000 left to pay out on the new construction project. The crew is currently very close to finishing Phase 2.
Klein requested Synatschk to update the members on the current status of the hospital’s request to become a Critical Access Facility. Accodring to CMS criteria to be eligible for this designation, our hospital is 1.3 miles too close to Muleshoe’s hospital. In order for the hospital to attain this designation, Congressional help will absolutely be needed. She requested that everyone call their State Representative and urge them to approve the hospital’s Critical Access application.
Due to absent Board Members, Synatschk made a motion to table the Administrator Annual Evaluation item until next month when all members would be able to attend the meeting. This motion was seconded by Brunson. The motion carried.
With no further items on the agenda needing to be discussed, at 12:55 p.m. Synatschk made a motion to enter into executive session, and it was seconded by Evan Maxwell. The motion carried. The Board reconvened from Executive Session at 1:37 p.m.
A motion was made by Brunson to excuse the absences of Evan Maxwell and Johnny Rosemond, and it was seconded by Brenda Alcaraz. The motion carried.
With their being no further business to discuss, Brunson made a motion to adjourn and it was seconded by Alcaraz. The motion carried and the meeting was adjourned at 1:39 p.m.