NEWBERRY — Several expenses were over budget for Newberry County Memorial Hospital for the month of March. Barry Richardson and Mike Reynolds presented the financial statement to NCMH board members Tuesday night.
Benefits were $14,000 over budget due to increased worker’s compensation claims, while physician fees were $6,000 over budget due to increased emergency room coverage. Due to increased implants and pharmacy expenses, supplies were $109,000 over budget.
Maintenance and repairs were $25,000 over budget for March in their expenses due to a scope repair and IT contracts.
The hospital experienced a positive operating income of $244,000 and a positive net income of $2,753,000 for the month of March. Those totals are more than the budgeted net income of $570,000 and more than prior year positive net income of $544,000.
Net patient revenue was $136,000 under budget for the month due to lower outpatient surgical volumes. Gross revenue was $283,000 under budget and revenue deductions were $146,000 under budget.
Current month statistics
Total acute inpatient discharges were 2.3 percent over budget and 6.2 percent over prior year for the month of March. Total acute patient days were 6.7 percent over budget and 11.8 percent over the previous year.
Inpatient surgeries were 3.4 percent under budget, but 12 percent over last year. Outpatient surgeries were 36.8 percent under budget and 33.3 percent under the prior year.
Endoscopies were 20.8 percent under budget, as well as the prior year. Emergency Room visits were 2.1 percent under budget and .7 percent under last year. Outpatient visits were .8 percent under budget, but 8.3 percent over last year.
Total discharges are down 5.4 percent year to day from last year, with total patient days up one percent year to date. Inpatient surgeries are up 14.9 percent, outpatient surgeries are down 9.1 percent year to date, and endoscopies are up 2.8 percent.
Outpatient visits are down 4.3 percent year to date from prior year.
The gross inpatient revenue was $59,000 (1.5 percent) over budget due to increased discharges and patient days. Gross outpatient revenue was $341,000 (4.1 percent) under budget due to decreased outpatient surgeries. Collections were $4.2 million for the month of March.
Approximately $471,000 was collected from the South Carolina income tax program compared to $334,000 last March. Year to date, NCMH has collected $924,000.
• NCMH’s E-Learning system has been successful, as of Tuesday evening, 1,037 online courses had been taken and completed by staff. This totals 2095.25 hours of continuing education.
• Final arrangements are being made for Hospital Week, which will be held May 12-16. One of the focuses of the week will be on service expectations.
• NCMH is working with their partner Press Ganey to increase/implement a new point-of-care technology that captures real-time patient feedback at every point in the care process. This allows for expanded patient feedback and provides insight for targeted performance improvement.
• The hospital is continuing to work more closely with the free clinic through their Healthy Outcomes Plan to aid in finding medical homes for uninsured patients receiving care at Newberry Hospital.