FFH starts fiscal year with profit
Franklin Foundation Hospital ended the first month of its new fiscal year with a $4,469 net profit.
Chief Financial Officer Ron Bailey told Hospital Service District 1 commissioners Thursday during their monthly meeting that a $1.9 million Medicare Disproportionate Share Hospital payment was also received in October that will be amortized over the next 12 months.
Gross patient revenue on the month at $3.08 million, was $441,059 or 16.7 percent over budget projections. Bailey attributed the overage to inpatient revenue that was ahead of budget by $79,861. He said surgery and anesthesia revenues were over budget by $31,722 and $19,332, respectively. Labor and delivery was also over budget by $10,761, as was swing bed revenue by $74,856.
Outpatient revenue also came in over budget by almost $304,000, he added.
In other business Thursday, the board:
—Heard from Chief Executive Officer Parker Templeton that the MRI unit is now at the hospital two days a week and will be at the hospital five days a week beginning in March.
—Heard from Templeton that 24 employees were recognized for their service during the annual awards banquet. Among them were Tim Fakier, employee of the year; and Kica Savage, Boomerang award recipient. Mary Lynn Buteaux was the recipient of a 45-year service award and Karen St. Blanc received a 40-year service award.
—Welcomed Don Smithburg as the new regional vice president of Quorum Health Resources management firm.