The Lamb Healthcare Center’s Board of Managers met for a regular business meeting at noon Tuesday, June 15, in the Education Room of Lamb Healthcare Center. With Tony Barton, President,
With Tony Barton, President, presiding, he introduced Brent Fuller, CPA DHCG of Durbin and Co., LLP to present his findings for the CARES Act Report.
The Board of Managers had requested information regarding what has been spent, and what is remaining to be spent.
He used a Power Point presentation, showing on the wall of the Education Room, to review his report on the hospital’s COVID CARES Act funding and expenses.
Fuller explained: “I had a report prepared three times, but the rules were changed.”
“Ultimately, I think you’re going to be OK, because what we believe is, this will be acceptable.”
He noted that the calculations didn’t change that much, but that “calculations on prevention and preparation are the main things hospitals do.” He emphasized that Lamb Healthcare Center is not showing a loss in 2020.”
He told the managers that the reporting requirements include a two-step processs:
Step 1: Calculate Healthcare-Related expenses attributable to Coronavirus: (The Unreimbursed Expenses incurred to Prevent, Prepare for, and/or Respond to Coronavirus.)
Step 2. Remaining CARES Act Relief funds are applied to Patient Care Lost Revenues (The difference beween 2019 actual or budgeted patient care revenue received and 2020 actual patient care revenue received.)
At the end of his presentation he said “Your CARES Act spending is done,” and closed with “You still have more than $7 million.”
Beginning of Agenda
The Board of Managers approved the minutes for the May 18 special joint meeting of the Board of Managers with the Lamb County Commissioners Court.
Financial reporting
Cindy Klein, CEO of Lamb Healthcare Center, explained: “We had to get an ice machine for the kitchen, and that expense will be considered on the next board agenda.
She further explained, “We need an ultrsound machine by the end of the month, and that will also be considered on the next board agenda.
LHC Family Medicine Report
The profit and loss statement as of May 31, 2021, included:
Revenue before contractuals: $135,674.24; Total expenses of $191,566.22; and the net of Revenue and Expenses: ($55,891.98). Contratuals not inluded in revenue.
The clinic had 1,266 office visits for May, when 2,978 total procedures were done.
Revenue with lab: $211,908.18; while evenue with write offs amounted to $182,781.09; and receipts in the amount of $86,167.25.
Olton Rural Health Clinic
Profit and Loss statement as of May 31, 2021.
Revenue before contractuals: $17,777.01; Total expenses $19,383.10; and the net of Revenue and Expenses ($1,606.09.)
The Olton Rural Health Clinic had 150 office visits in May, when 303 procedures were done.
The revenue with lab was $27,104.01; while the revenue with write offs was $21,326.59; and total receipts: $11,859.62. Medical Staff Report
Initial Appointments suggested by the Medical Staff included: Mukul Maheshwri, MD; Corey Hanrahan, MD; and David Williams, MD, all for Lubbock Diagnosic Radiology.
Reappointments:
Asti Pilika, MD; William Phillips, MD; Alen Nawrocki, MD; William Rusnak, MD; Aaron Wickley, MD; Jeffrey Grossman, MD; Shameem Azizad, MD; and David Wang, DO, all for Direct Radiology. Olton Clinic Procedures
Some patients had questions about attempting to get special shots, but were rejected. A response from the physicians who have discussed that issue, the Lamb county clinics will only practice standard of care.
Shots are available at the Olton Clinic, but must be used appropriately. (The clinics don’t want to be reliable for possible bad affects on patients.)
Isolation Wing renovation
The Board of Managers approved permission for Administrator Cindy Klein to get bids for the renovation of the Isolation Wing.
Surgery Flooring replacement
The Board of managers also approved for the Administrator to have permission to get bid prices to replace the surgery flooring. Absent Board of Managers
Members of the Board of Managers who were excused for absence at the meeting were: Booner Smith, Steve Busby, and Jeni D. Brunson.
Surgery Department:
The hospital is looking at hiring a surgeon, and replacing some of the department’s equip-ment. The Managers are looking at the equipment and its cost.
Commissioner requirements
Cindy Klein reminded the managers of approving bids, before sending bills to the Commissioners. She explained, that an ultrasound machine would be very helpful for patient use now.
Committee Reports
Elizabeth Vargas reviewed the various Committee reports.
Administrator’s Report
Cindy Klein reported that she attended the Commissioner’s Court on Monday, June 14, and presented information, on a handout, for the court to follow.
No executive session was held, and the meeting adjourned at 2:01 p.m.