FFH posts October loss

Franklin Foundation Hospital financial reports indicate that the hospital had a $141,711 loss in October, the first month of its fiscal year, while the budget projected a $35,104 profit.
“We had a challenging month in terms of volume,” Chief Financial Officer Ron Bailey told Hospital Service District 1 commissioners Thursday during their monthly meeting.
Gross patient revenue of $2.98 million was $265,931 or 8.19 percent under budget; total inpatient revenue of $778,676 was $260,875 or 25.09 percent under budget; and acute admissions were 8.39 percent below budget and acute patient days were under budget by 14.10 percent.
Inpatient acute revenues in the amount of $651,021 were $93,054 or 12.51 percent under budget; central/sterile supply, medical/surgical, surgery and anesthesia and respiratory therapy revenues were down by $52,250, $27,000, $20,800 and $10,000, respectively. Bailey said these decreases were partially offset by increased revenues in labor and delivery, nursery and pharmacy in the amounts of $14.500, $5,700 and $4,800 over budget, respectively.
Swing bed revenue in the amount of $127,655 was $167,821 or 56.80 percent under budget and swing bed admissions and patient days were below budget by 30.43 percent and 60.19 percent, respectively.
Swing bed room and board, pharmacy, central/sterile supplies, respiratory therapy and lab revenues were under budget $47,000, $44,600, $27,100, $16,800 and $12,800, respectively..
Hospital outpatient revenue of almost $1.89 million was $38,845 or 2.02 percent under budget and outpatient visits were 3.95 percent ahead of budget.
Pharmacy, surgery and anesthesia, central/sterile supply and blood supply revenues were under budget by $52,200, $18,000, $13,200 and $5,200, respectively. On the plus side, emergency room and lab revenues were ahead of budget by $17,600 and $9,200, respectively, and emergency room visits were 9.92 percent ahead of budget.
Total physician clinic and wound care revenues were ahead of budget by $33,789 or 11.09 percent and included orthopedics that was $19,900 over budget.
Net revenue for the month was $1.3 million and operating expenses totaled almost $1.9 million.
In other business the commission approved:
—Just over $196,000 in capital expenditures that included an upgraded telestroke cart and various wireless, security, fiber optics and telephone upgrades.
—A medical staff bylaws amendment.
—A new contract with Teche Emergency Group LLC for ER services.

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