The Lamb County Board of Managers met in a Regular Meeting on July 27, 2023, at 12:00 p.m. in the Education Room.
The meeting was called to order at 12:02 p.m. by Board President Carla Synatschk. She requested that Molly McCarty lead the meeting with the invocation.
There was nobody present to speak during public forum.
After a review of the June 20, 2023, minutes, Johnny Rosemond made a motion to approve the minutes and it was seconded by McCarty. The motion passed unanimously.
In the interest of time, Cindy Klein requested that 340B/MTC be moved to the beginning of the meeting.
Steve Busby made a motion to discuss this topic in Executive Session and it was seconded by Rosemond. The motion passed unanimously. The Board entered into Executive Session at 12:05 pm and exited at 12:25 pm.
Rosemond made a motion to waive the hospital’s confidentiality agreement with Nolan Greek in order for Nolan to be able to discuss 340B/ MTC with the Commissioner’s Court and the motion was seconded by Evan Maxwell. The motion passed unanimously.
Dylan Brown, CFO reviewed the Financial Report for June 2023 with the following information: On the Balance Sheet provided, the Total Cash Flow amount shows $744,423. On the Income Statement (Actual vs Prior Year), total revenue was $9,050,424, which is up $425,298 from the previous year. Total Operating Expenses increased by $392,984 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 1,238 office visits and 3,303 procedures performed.
On the Profit and Loss Statement for Olton RHC, revenue before contractuals was $9,629. Total expenses were $17,767 with a net revenue and expense of ($8,138). The clinic had a total of 98 office visits with 223 procedures performed.
Synatschk asked Brown when the IGT payments that were just made would be reimbursed. Brown stated that there is no set time for these reimbursements, but they can average a turnaround time of six months. Klein stated that she has met with all departments within the hospital, and all are working diligently to cut costs wherever they can.
MEDICALSTAFFREPORT: Dr. Rolando Rodriguez, MD notified the Board that the Medical Staff approved the Initial Appointments of Wesley Foster, CRNA, Dr. Andy Huang, DO (Concord Medical), and Dr. Chandon Loya, MD (Concord Medical).
Rosemond made a motion to approve the Initial Appointments of Wesley Foster, CRNA, Dr. Andy Huang, DO (Concord Medical), and Dr. Chandon Loya, MD (Concord Medical) and it was seconded by Maxwell. The motion passed unanimously.
COMMITTEEREPORTS: Stacie Styron, DON reviewed the Infection Control, Trauma and QAPI reports for June. See Medical Staff packet for these reports.
Klein informed the Board that the lease has been signed for the office space in Lubbock where the future Sleep Lab will be located. The architect has drawn up the plans and has already submitted them to the City of Lubbock. Construction is ready to start immediately pending the approval of all permits.
ADMINISTRATOR’SREPORT: Klein informed the Board that Dr. Benjamin Menlove, DDS with Kids Camp Dental in Lubbock is currently being credentialed in order to begin using the hospital’s facilities to perform surgical dental procedures. This will also bring added revenue to the hospital.
She also notified the Board that the hospital will need a completely new phone system after the first of the year. The current system is so old that the company that services it will no longer be able to come out and work on it if problems occur.
The meeting then turned to discussing marketing ideas and ways to bring local residents into the clinic and using the hospital’s facilities as opposed to them going to Lubbock or other area medical facilities.
A motion was made by Rosemond to excuse the absence of Booner Smith, Jeni D. Brunson, and Brenda Alcaraz and the motion was seconded by Maxwell. The motion passed unanimously.
With there being no further business to discuss, Jason Spangler made a motion to adjourn and it was seconded by Maxwell. The motion passed unanimously and the meeting was adjourned at 2:07 p.m.