NEWBERRY — Newberry County Memorial Hospital quality scores continue to stay strong and the hospital is ranked in the top 10 percent in the country.
In his CEO report to the board, Ron Vigus said the hospital’s quality scores continue to show strong performance in the areas of inpatient AMI, surgical care, venous thromboembolism and immunization at 100 percent. Outpatient AMI, chest pain, AMI chest pain and surgical measures also resulted in 100 percent. The emergency department exceeded their goal for its patient experience results.
For the second consecutive year, Newberry County Memorial Hospital has been recognized for its quality in hip and knee joint replacement care.
Mike Reynolds presented the financial report to the board Tuesday by saying that NCMH experienced some patient volumes and financial performance better than budgeted expectations for the month of July. They had an operating loss of $40,000 and a negative net income of $44,000, which was better than the budgeted negative net income of $47,000, but less than the prior year negative net income of $37,000.
Gross revenue for July was over budgeted by $109,000 and revenue deductions were $90,000 over budget. Reynolds explained that July is historically a poor financial month due to physician vacations and seasonality issues.
Total acute inpatient discharges for July were even with the budget but 1.9 percent under the prior year. The total acute patient days were 4.7 percent under budget and 7.1 percent under the prior year.
Inpatient surgeries for the month of July were 33.3 percent over budget and 40.4 percent over the previous year. Emergency room visits were 1.8 percent over budget, with 5.7 percent over for the prior year.
Revenue for July began with the gross patient revenue being $266,000 under budget due to less patient days. Collections were $2.8 million for the month of July. Medicare withheld $250,000 as a part of its routine quarterly withhold, which NCMH will be paid in August.
All Blue Cross claims were held for the month as the contract was being renegotiated. The hospital received a 3.2 percent rate increase from Blue Cross effective August 1 of this year.
Expenses for the month of July:
• Salaries were $15,000 under budget.
• Benefits were $78,000 over budget due to increased medical claims.
• Physician fees were $15,000 over budget due to accrual of six months of medical director fees based on documentation received in Jul.
• Purchased services were $21,000 under budget due to less usage of outside services than were budgeted.
• Other expenses were $6,000 under budget due to less travel expenses incurred than were expected.
• Depreciation was $23,000 under budget due to the construction on the third floor not being complete.
• Operating cash position decreased by $29,000 during the month due primarily to capital equipment.
Upcoming for the hospital is its annual golf tournament on Oct. at the Country Club of Newberry. Registration begins at noon.
The tournament will be Captain’s Choice with four-man teams. The entry fee is $125 per player. Sponsorships are also available. For more information, contact the foundation office at 405-7425.
Elyssa Parnell can be reached at 803-276-0625, ext. 108 or at firstname.lastname@example.org.