Trigg County Hospital’s Board of Directors received a positive financial report Thursday evening, courtesy of some updates from Chief Financial Officer Don Michael.
In the last month, he said the local healthcare facility recorded 20 admissions for 213 patient days, while 417 patients came through the emergency room.
All outpatient procedures, he added, were up in nearly every department from this time last year, and the revenues reflected such — 14% more for August 2024 compared to August 2023, to $5.5 million. Surgery, laboratory and radiology, he noted, were the reasons.
Expenses in the same stretch were up only 5% from this time a year ago, at $2.2 million.
Year-to-date net income for the hospital, Michael said: $2.34 million.
In data provided to the board by President & CEO John Sumner, net income for the hospital has improved from $2.5 million and $2.7 million operational losses in fiscal years 2017 and 2018, all the way up to a $5.5 million gain in fiscal year 2024.
Expenses were north of $21 million last year, but revenues were above $26.4 million — a far cry in both metrics from seven years ago.
In other hospital news:
— Sumner doubly confirmed the new cardiac clinic’s move to the old Coldwell Banker facility. With the contract signed, he noted the transition should be complete by January 1, 2025.
Sumner said the clinic generated real cash of more than $125,000 just last month.
— Trigg County Hospital’s helipad was painted last week, and Sumner said it now “looks a lot better.”
— The large HVAC unit has been approved for the Med/Surgery unit and ER, but it’s on hold to install until October 2.
— Trigg County Primary Care drawings and concepts have been returned from architects, but Sumner asked for those discussions to be tabled for the next six months. Board members unanimously approved.
— Sumner said while no one has taken advantage of the sign-on bonus yet, all four PRN positions have been filled, as has one EMT-Basic slot. Of those, three are going to school to be a paramedic. Sumner said that pay has been raised from $22.50/hour to $26/hour.
— Michael also opened up bids for the new ultrasound, which came in between $76,000 and $110,000. Board members opted for the GE Healthcare model at $98,130, following recommendations from staff.
— Sumner also said the hospital’s current mobile MRI unit will be leaving next Tuesday, and another mobile unit needed to be rented for eight weeks until the permanent one is set in January.
— A personal letter, addressed to the hospital, was read by Administrative & Marketing Assistant Lori Blakeley.
— Construction on the conference room and training room, Sumner said, is moving along “really well.” Projected finish: end of November.
