Coleman, joined by Hospital Board of Directors Chairman Mike Gross, said, “Our fiscal year began on May 1. We did well last year and are not slowing down. We have a new information system and some new technologies in radiology so we are starting the year with a bang.” She said that the hospital enjoyed over $100,000 in profit for the last fiscal year, and projected a similar figure for the coming fiscal year. Last year, the hospital reported $10,000 in profits.
“Some have asked why we are not projecting more for this year, but we are adding more capital with our information system and an additional $400,000 in capital investments. We are looking at our IT infrastructure, and things like patient beds and furniture. Our CT scanner is an operational lease, and is not included,” said Coleman. “The additional capital purchases are a lofty undertaking for a critical access hospital and any input or suggestions are welcome.”
Coleman said that through a new management plan, the hospital is working aggressively to recruit new physicians, improve the facility and provide a greater standard of quality for patients. “We are implementing a patient satisfaction survey to track our quality as we work towards accreditation from the Joint Commission of Accredited Hospitals. Our neighboring facilities are accredited, and we want to provide that standard to our community as well.”
With no questions for Coleman, the court discussed other business. It updated the county capitalization policy by the request of state auditors. The county’s new policy lists the useful life of buildings and building improvements at 10-60 years at 10 percent of cost, machinery and equipment at three-25 years at no salvage value, infrastructure at 10-50 years at 20 percent of cost and vehicles at five-20 years with no salvage value.
The court adopted a landfill agreement with Mollie Lowe of Hopkinsville as the owner of the County Landfill. The county has leased the land since July 29, 1988 at an annual cost of $3,500.
Judge/Executive Stan Humphries said that hopefully the landfill would be closed and returned to Lowe promptly, pending state approval.
For the rest of this story, read this week's Cadiz Record.