Hospital continues road to growth, profits
by S. Alan Reed
May 24, 2006 | 0 0 comments | 4 4 recommendations | email to a friend | print
The Trigg County Hospital’s journey to profitability continues. At the May 18 meeting of the Board of Directors, revenue and growth were discussed.

QHR Representative Herb Winters discussed the hospital’s finances. For the month of April, Trigg County Hospital enjoyed a $4,364 profit. Winters reported the hospital had $436,052 in cash on hand, compared to $209,480 a year before. $30,000 worth of debt was repaid.

Hospital CEO Lisa Coleman said that although April was a profitable month, the hospital’s volume had declined somewhat. “Some of our physicians were out of town. That impacts our income when we have staff on leave,” she said to the board.

One idea presented by Coleman that was adopted by the board was suggested by a “paper reduction team.” Two firms consulted on the issues of office issues supplies and equipment including copier location, inkjet cartridges, repairs, training and conservation. Both ABC Office Supply and Officeware submitted studies. The Officeware proposal anticipated monthly office supply expenditures dropping from $2,800 to $2,100. This plan was adopted by the board.

For the rest of this story, read this week's Cadiz Record.
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