The month of October was relatively slow for the Russell County Hospital with admissions and patient days finishing 35% below budget. However, the length of time the hospital’s “swing beds” are utilized continues to trend well ahead of budget, totaling 120% greater than planned for the month. Those numbers were presented to the hospital board during a “called session” held Tuesday evening after the board cancelled its regular monthly meeting last Thursday due to a lack of a quorum.
Total operating expenses for the local hospital were 5% over budget last month, including salaries up by 4% with most of that amount attributed to hospital staff working additional hours toward going on-line with a new medical software program that will be utilized in all departments. Charity Care was 55% over budget in October, while patient revenues were well under budget. There were also slight increases in the areas of “Purchased Services” and “Supply Costs”.
Total “Outpatient Revenue” was just 2% under budget at $81,296 for the month of October, “Operating Income” for the month finished 10% below budget at $17,438, “Net Income” for the month was $33,588, or about $8,000 below budget….bringing the Year-To-Date Income to $123,887 compared to a budget of $185,987.
Hospital CEO Rob Ramey said the slight decline in patient numbers for the past couple of months is “consistent with a national trend”. Ramey said he and his staff would continue to closely monitor current health care trends and would continue to look for ways each day to minimize operational costs.