September 22, 2016

The Regular Meeting of the Schuyler County Hospital District was held in the Classroom at Culbertson Memorial Hospital on Monday,September 22, 2016 at 6:30 p.m. Roll call was as follows:

PresentAbsent

Billingsley X

Hester X

Peters X

Snyder X

Trone X

Walters X

Worthington X

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Lynn Stambaugh, CEO, Alan Palo, CFO, Lisa Downs, Chief Nursing Officer, Tim Ward, Foundation Director and Lisa Adams, Executive Assistantwere also present as well as Sarah Pearce with the Rushville Timesand Linda Butler, Vice President & Trust Officer of Rushville State Bank.

The Board reviewed the minutes from the regular meeting ofAugust 29, 2016.

Director Billingsleymade the motion, seconded by DirectorSnyder to approve the minutes. There was no opposition.

Linda Butler gave the investment report for the Culbertson Memorial Hospital Foundation. A copy of the report is attached to the minutes on file.

Lynn Stambaughgave the Medical Staff report from the meeting of September 21, 2016.

  • Critical lab values were reviewed for changes.
  • Air Evac will do a presentation in the future about medications they may be using.
  • The 24 hour H&Ps were at 86% for August.
  • The Physician’s QI report was reviewed.

Lynn Stambaugh gave the CEO’s report:

  • Care card and a thank you note was shared
  • Working on the service improvement initiative
  • Met with Cass/Schuyler Hospital to work on an agreement
  • Dr. Rakita has started at Rushville Family Practice
  • Working with the school on education
  • Held employee meetings
  • Met with the committee regarding the community fitness center
  • Our liability company was here to look at our policies
  • The quarterly meeting with EMS and County Board was held
  • Richard utter retired and there will be a reception on September 25 from 2pm to 4pm
  • Open houses were held for Drs. Mashindi, Rakita and Blair
  • There were no delinquent records

Alan Palo gave the financial report for August, 2016. Gross revenue was $2,991,259.54. After contractual and other deductions, the net operating revenue was $1,838,054.56. Operating expenses were $1,807,331.56, leaving an operating profit of $30,723. After the addition of non-operating income and expenses, the net income for the month was $241,433.70.

On a year to date basis, there was an operating loss of $77,427.30. After the addition of non-operating income and expenses of $169,277.33, the net income for the month was $91,850.03.

The balance sheet showed cash had increased for the month and gross accounts receivable were down, however, net accounts receivable were up. The amount due from third party receivables were up due to the booking of receivables for the cost report. The net pension obligation is now a separate line item on the balance sheet.

Tim Ward reported on the Foundation meeting earlier in the day. There was no quorum so an official meeting was not held, however, the group did discuss the investments and heard from Glenn Cuyugan, the Clinic Operations Manager. They also heard a financial report and talked about the student who was seeking financial help during medical school. This student has decided to wait for one year and decide what field of practice he will be seeking. The Board also talked about the memory boards and that they are running out of space. The Donor Appreciation event will be November 15 with the location to be announced. There was a donation from the Dohner estate of $100,000 to be used at the Medical Arts Building.

The Board discussed the appointment of Lydia Tolle, to replace Bill Tolle, to the Foundation Board.

Director Billingsley made the motion, seconded by Director Peters to appoint Lydia Tolle to the Foundation Board. There was no opposition.

The Finance Committeesaid there was nothing to report.

Having no further business to discuss, Director Snydermade the motion to adjourn at 7:02p.m. There was no opposition.

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Ron Peters, Vice Chairman/Secretary

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