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Lovell Chronicle
Lovell , Wyoming
December 6, 2012     Lovell Chronicle
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December 6, 2012

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December 6, 2012 I The Lovell Chronicle I 19 Hospital finances get clean bill of health BY PATTI CARPENTER "We're lucky as a criti- : : tient settings and this is port that the hospital is still John Hawk of Eide cal access hospital that we .... : reflected in the numbers," seeking to fill positions for a Bailly presented North Big Horn Hospital District's audit report at the regu- lar meeting of the board of trustees held on Nov. 13 at the hospital. Overall, Hawk gave the hospital a positive report, stating that the hos- pital's statements were ac- curate and prepared accord- ing to government-required standards. He also noted that he saw no compliance issues or material weak- nesses in the accounting records. He said profitabil- ity appeared to be up, re- turn on assets up, as well as overall growth. Compared to the average for similar facilities in Wyoming the debt ratio was lower than average and the cash flow liability was the highest in five years. In a separate meeting, the hospital's Chief Finan- cial Officer Richard Goertz reviewed the statement in greater detail for the fiscal year beginning July 1, 2011 through June 30, 2012. Go- ertz replaced Daphne Hart- man as CFO when she re- tired in June. Goertz said that he thought the hospital is "do- ing fine." Goertz explained that the hospital is non- profit in the sense that prof- its, if any, don't go back to shareholders but instead go into equipment purchases and other improvements to the facility. are still being paid cost of charges instead of like larg- er hospitals who get paid a flat amount based on di- agnosis," said Goertz. "We still don't get paid for every- thing, but it's closer to what we need to stay open." Goertz noted that this payment system, which is based on a percentage, is designed to keep critical ac- cess hospitals alive in small communities. Goertz said that the gross revenue for the district increased by 8 percent over the previous year, while ex- penses only increased 3 per- cent. This relatively small profit combined with a mill levy, grant and tax reve- nue allowed the district to finish in the black with a $678,786 operating income at the end of the fiscal year compared to the previous year where the district had a loss of $267,626. Goertz said the mill levy really helped keep the hospital afloat this year. "As a hospital, we're trying to hold our expenses down and to keep the qual- ity of our services up," said Goertz. "We don't give out bonuses or anything like that when we come out a little bit ahead. We use ev- erything we have to keep a quality hospital here for the community." Both acute and swing bed days dropped during PA'IWI CARPENTER Newly elected board member Mary Matthews and re-elected board member Chad Lindsay were sworn in at a special meeting. Re-elected board member Don Minchow was sworn in by phone. the year. The number of acute bed days decreased from 867 days in the year 2011 to 542 days in 2012. The number of swing bed days dropped from 1334 days in 2011 to 1238 in 2012. Outpatient visits in- creased. Goertz said this re- flects an overall trend in the health care industry toward more outpatient care. One marked improve- ment he noted was that the district did a better job of collecting money owed to the hospital. The number of days a bill remained on the accounts receivable list de- creased from 63.48 days to 59.10. Patient doctor visits were down but lab and X- ray procedures were up in part due to the Hometown Healthy Living program implemented earlier in the year that allowed patients to order blood tests direct- ly and in part due to new equipment in the X-ray de- partment like the new CT scan. Visits were up in the occupational and physical therapy department. "Health care is moving more in the direction of do- ing more things in outpa- said Goetz. "There are a lot of positives to having a hospital with these services .................... here in town. It saves peo- ::: ple from havingto go all the ...... way to Billings or Cody for these services." Goertz said the New Horizons Care Center is doing well. The center has been averaging between 76-78 patients for most of the year. Although the number of patients was down slightly from 2011, where the average num- ber of patients per day was 76 compared to 75 in 2012. The nine available assisted living rooms were occupied fairly consistently through- out the year, with an aver- age occupancy of around seven per day. An upgrade of records under the "meaningful use" program brought in an addi- tional $117,000 of revenue, while improving patient re- cords access by authorized personnel dramatically. Also at the board meet- ing, retiring board member Ruth Ann Holzer was pre- sented with a plaque honor- ing her service on the board. CEO Rick Schroeder said a new ice machine was installed at the care center and the old machines were donated to the Cowley base- ball field and the Deaver Fire Department. Barb Shumway noted in her human resources re- new Physician, Physician's Assistant, EMT, CNA/E1- der Assistant, RN/LPN and Clinic LPN. A strong candidate for the physician position has expressed interest, and negotiations are in progress. Shumway noted the district's staff turnover rate in October was 1 per- cent. Employees were of- fered a 10-week nutrition class and the district is continuing to provide CNA training in four-hour blocks each month among other programs. The board also dis- cussed the need for a new copy machine and listened to a presentation by Scott Murphey regarding the need to purchase a new ambulance. Murphey en- couraged the board to au- thorize the purchase by the end of the year because prices are expected to go up dramatically. He also rec- ommended that the hospi- tal purchase a box that can be transferred to newer ve- hicles as a way to save con- siderable money on pur- chases in the future. Newly elected board member Mary Matthews was introduced and a sched- ule for her orientation was discussed. There will be no board meeting in the month of December. Announcements Announcements Announcements Real Estate Announcements Real Estate New Home Purchase Refinance New Construction Rural Development Loans Conventional- FHA -VA Pre-qualification ST&TM It&t4' K 568-2483 Mint 201 S 4th Street. Basin, WY FDI Email: cwdght@securitystatebk.com ' GREYBULL: ELEVEN LOTS. SCHAREN Sub- division ranging from 1.46 to 2.47 acres. City/ raw water and utilities to lot lines. Fantastic view of the Big Horns. Alfred 307-568-3646. Sandie 307-765-4378 or 307- 899-4512. (7/29tfB) PROPERTY FOR SALE By owner - 2.05 acres, lot #9 in Kobbe Subdivi- sion. Has NWRW, gas, electricity and phone to property. Covenants apply. See at Road 11 and Cora Lane. Call for details, 307-754-4623 or 307-272-4623. ___(93TFThursCT) BYRON, 3 BDRM, 2 BATH, 1 car garage, and fenced yard. $145,000. 134 W Main, Byron, WY $145,000. Call 307-254- 0491. (47TFCT) SADDLE UPI BUY, SELL PROPERTYI Running Horse Realty, 754-9400. runninghorserealty.com (31TFCT) BUYER, SELLER AND ENERGY HOME inspec- tions. Rick Fisher at Summit Building Services, 307-202-0262 or www. summitinspections.info (22TFCT) TO BUY, SELL OR RENT, call Heart Mountain Realty in Powell- 307-754-9631. (16TFCT) CHECK OUT OUR LIST- INGS and rental list at www.wyomingproperty. corn, The Real Estate Connection, 754-2800. (71TFCT) BEAUTIFUL, GENTLE ARABIAN Mare, by Son- of-Baske-Tu, Canadian National Champion. Trained 7 months by the John Lyons Method. 307- 899-2368 (7/26tfB) HORSESHOEING: HOT OR COLD, CORREC- TIVE, 10+ years experi- ence. Honest and afford- able farrier service. A.EA. accredited. Call Chris at 307-250-2399. (86TFCT) Motorcycles 2001 KAWASAKI VULCAN Classic, new paint job. 10,873 miles. Asking $4,000 o.b.o. Call 307-851-5264. __ (11/22-12/6pL) TRAPPER TRAVEL & TOURS Holiday Open House. Greybull Chamber, 521 Greybull Avenue, Greybull. Sat- urday, December 8, 2 - 4 p.m. Refreshments, drawings. New 2013 travel opportunitiesl (12/06B) CHRISTMAS IS FOR REALI Fellowship Fun- draiser. Friday, Dec. 14, 5:30-8 p.m. Greybull Presbyterian Church, 433 1st Ave. South (Across from Town Hall) Soup, Bread and Des- sert dinner (by donation) Silent Auction, carol- singing and fun chal- lenges. (12/06cB) BREASTFEEDING SUP- PORT - Every Thursday at noon at Planet Kids. Led by Certified Lactation Counselors - 754-1212. __ (46TFThursFT) OUTFITTERS, TOUR GUIDES AND Recre- ational Vehicle Dealers: Be part of the Northern Plains Outdoor Expo. Feb. 8-10, Rushmore Plaza Civic Center, Rapid City. www.NpoutdoorExpt.com. Jim Glines-605-390-9001. (97-97W) USE YOUR FUTURE TAX REFUND NOWI Buy a car at Midway in Love,; Cody or Worland and use your future refund for your down payment NOW! Guaranteed credit approvall www.midway- autosales.com, __(86-103ThursCT) PVHC DIABETES SUP- PORT Group, for anyone interested in Diabetes, meets @ the Powell Hos- pital the 2nd Monday of most months. For more information call the Hos- pital @ 754-2267. __ (09TFThursFT) POWELL AL ANON provides support for friends and relatives of alcoholics. Meetings: Tuesdays at noon and Wednesdays, 7:00 p.m. at 146 South Bent (Big Horn Enterprises/north entrance off parking lot). For information, call 754- 4543 or 754-5988. __ (103TFThursFT) NARCOTICS ANONY- MOUS Meets at 146 S. Bent, Powell (Big Horn Enterprise building) Tue. (open, book study), Thur. (closed, for addicts only) Sat. at 10 a.m. (closed) and Sun. at 7 pm. Call or text 254-5729. __ (21TFThursFT) CODY N.A. MEETINGS- Mondays at 7 p.m., and Thursdays at 7 p.m. Assembly of God Church basement, 1532 Bleistein Ave. __ (24ThursTFFT) NARCOTICS ANONY- MOUS meets in Lovell, Monday evenings at 7 p.m. at the Big Horn Fed- eral conference room. __ (72ThursTFFT) WELCOME TO POWELLI Call us for a Free gift pack and coupons from area busi- nesses. Wyoming Wel- come- 754-9399 or 754- 3206. __ (15ThursTFFT) REMINGTON MODEL 600 .308 Win. Custom laminate stock. After- noons or evenings, 307- 272-4560. (96-97PT) 2 AR-15S. MANY OPTIONS. Afternoons or evenings. 307-272-4560. (96-97PT) giving made easy... Any NEW subscription!