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|FMC collections increase|
The Franklin Medical Center Board of Commiss-ioners convened for its monthly business meeting on Thursday.
Members present were chairman Nick Poulos, vice-chairman Michael Wright, Paul Price, Dan Warner and Jan Hicks.
CFO/CEO Robert Boullion addressed the board with the financial report for July 2008.
"Admissions for the year are up slightly from this time last year," said Boullion, "but the cash flow has been low in July due to several high expenses. Collections for July were $870,000."
Boullion stated that in four of the last five months, with the exception of July, collections have totaled more than $1,000,000 per month.
Salaries were down $100,000 from July 2007, while employee benefits increased by $6,000, a difference Boullion said would level out in the next year.
Inpatient revenue totaled some $2.7 million versus 2.5 million during the same period last year.
Outpatient revenue for the first three months of the year totaled $3.8 million compared to $3.9 million last year. The decrease reflects the loss of the hospital's general surgeon in December of 2007.
Gross revenue is up $100,000 for the first quarter of the year, compared to the same period last year, and the expenses are down $440,000 for the same period.
Due to the reduction in Medicare admissions that began in May of 2007, the pre-year estimates for FMC were significantly off. As a result, Medicare reimbursed the hospital by $1,000,000 more than it should have because of the drop off in admissions.
"That money will have to be repaid to Medicare," said Boullion.
In an effort to eliminate over-staffing, the hours of several full-time staff members were decreased to eliminate over-staffing.
"We don't have an average of one ICU patient a day, yet we have a full staff in the ICU unit," said Boullion. "We have the lowest consensus during summer months, so we had to adjust our nursing levels according to patient needs."
The Franklin Parish Police Jury received a grant for $400,000 through the Department of Emergency Prepared-ness and Response program. The police jury dedicated a portion of the money to the hospital for safety upgrades.
"The money will be used to upgrade to existing windows and doors at FMC to hurricane safety standards" said police jury treasurer Larry Clark. "These are im-provements FEMA would like to have in place," said Clark. "The application has been submitted and we should have an answer in 60-90 days."
The upgrade would include storm proof windows and doors as well as roof straps to prevent damage from high winds.
Dr. Steven Untracht will be joining the staff at FMC this fall. Boullion stated in the administrative report that Untracht could be practicing in Winnsboro as early as October. Dr. Sally Sartor, and ear, nose, and throat specialist will also be setting up her practice in September.
Blake Kramer, head legal council, updated board members on changes made to the human resource manual. For those eligible for mileage reimbursement, a rate of 48.5 cents per mile will be paid. Other changes made to the policy included partial and whole-day absences. By unanimous vote, board members approved a motion to accept the updated manual.