The Board has not received a written financial report for the months of September, October or November. They were waiting on a year end financial report to help better estimate the year's losses.
Without having written financial reports the board had estimated a loss of $180,000 for the year 2004.
Bob Bradenburg, BKD was asked to establish a 2004 Cost Report Review for the Trigg County Hospital and present the report to the Board. The Cost Report Review stated that the amount that the hospital would be losing would be between $135,000 and $153,000.
The Hospital Board said that the main source of lost revenue for the 2004 year was due to the ambulance service and Medicaid.
Now that the Cost Report Review has been submitted to the Board, the financial reports for the last three months should be able to be completed.
The Board is considering having cost reports drawn up two or three times a year. This would help the Board evaluate any troubled areas that are losing substantial money. They can then evaluate these areas further and consider changes. In the past, financial reports were only drawn up once a year, and changes were not done in time to be effective.
The Board said that while Primary Care was partially responsible for the money loss, the main financial loss was in Medicare and the ambulance department. After the incident in November with MRSA, Primary Care patient numbers were down for approximately a week. The Board says the number of patients being treated is continuing to come back up.
