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The Emanuel County Hospital Authority reviewed employee benefits and fiscal year 2010 at their last board meeting. Lin Harris of the accounting firm Draffin and Tucker presented the completed audit of fiscal year 2010 for the hospital.

“Let me say first and foremost that we have an unqualified opinion of the financial statements. We agree with the applications and accounting principles. Obviously, you have a lot of estimates in healthcare: bad debt allowances, malpractice accrual and other things. I think you tend to have conservative financial practices and in this environment; I would say that is an appropriate process,” Harris told authority members.This Foamposite jordan 6 rings features a Black Metallic mudguard that gives the sneaker a very interesting look.

He explained to authority members changes in self pay portions of private insurance,You can find many varity fashion burberry bags sale in our Burberry bags outlet store. Medicare and Medicaid, and the resulting effect on cash flow for the hospital. “As you are aware, you will see there is an increase in the self pay portion of a lot of policies. That occurs also to Medicare/Medicaid as well.”

Chief Operating Officer Rhonda Durden stated, “On the cost report,cheapest air max 90 uk online store, All authentic exclusive nike air max 90 trainers for sale. realize that is not cash that we will have immediately. It generally takes 18- 24 months to settle a Medicare cost report.”

“Your net revenues for 2010 were approximately $19,895. You had a decrease there of approximately 1.ed hardy Shirt for the best prices, guaranteed! shipping and product reviews on all products.5 million dollars from 2009. Your expenses were down approximately 1.9 million and that is difficult to do. You had some significant reductions managing your expenses. The net effect of 2010 is a positive operating margin of about $297,000. We went from an operating loss to an operating gain and obviously that is very important. It is a good year for many reasons,” Harris said.

Harris also stated that the long term debt of the hospital, primarily the bond debt, was approximately $11,752,000.

The hospital has improved financially as average number of days of cash on hand has increased from an average of seven days cash in 2007 to 33 days presently. Also improved is the average number of days to collect accounts receivable. In 2007, the average was 82 days and is now 47 days.

Authority Chairman Bill Carmichael stated, “Thank you to Rhonda, Brian, and the rest of the administrative team and staff. To do what they have done and in this environment is exceptional and appreciated.”

CEO Brian Riddle added, “I would like to say kudos and hats off to Rhonda and her staff for a lot of effort managing our expenses. Rhonda had been the driving spirit together with a lot of other people.”

Following the audit presentation, Durden outlined employee health insurance options for the coming year. “The plan we have right now is Blue Cross; that plan at renewal would be $159,000 per month. We are currently paying $110,000 monthly. It is quite a large increase and has caused us to look at other options. We do have a Blue Cross option that is not as enticing as the original plan we have for $132,000 per month. We also looked at other options.Expert on originally cheap discount puma shoes. Puma Shoes with high technology.” Durden also stated that several insurance carriers declined to quote the business and Coventry was the only fully insured carrier that offered quotes to employees. She added that Blue Cross had refused to negotiate with the hospital in the past three years.

“We have a contract but the rates are dismal. We are just at an impasse with Blue Cross,” said Riddle.

Durden added that with the Blue Cross Plan, “we cannot provide much of the lab work for our own employees, just as we can’t provide it for other beneficiaries under the Blue Cross plan. It is important to us that we cannot do those procedures in-house. The option we have presented with Coventry would allow us to do our own lab work, so that is a benefit for us. We are listening to our employees and they have asked for two choices.” Following further discussion, the authority voted unanimously to offer employees two choices of health insurance with Coventry.

Riddle discussed with the authority the need for new signage on Victory Drive and Church Street and at the entrance to the emergency room. “Our signage around our medical office building is falling down. Actually we had to take down the main sign; it was just plywood and paint and looked horrible. We have a proposal for a new pavilion sign that will identify what all those offices are to the public. There is no sign there at all right now. A second sign will be on the corner of Kite Road and Church Street. We have constant confusion with our patients finding the offices where they need to go.”

Riddle added that a sign directing traffic to properly enter the emergency room was included in the proposal. The cost for the new signage is $9897 and was approved unanimously. Riddle said he hoped the work could be completed within 30 days.

In a separate called meeting, the authority voted unanimously to contract with ExecCare recruiting firm. The agreement with ExecCare is for the company to recruit two nurse practitioners and one family practitioner. Another agreement with ExecCare is for two department head positions, Director of Laboratory and Director of Imaging/Radiology.

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