DMH Board shows profit for April
For the first time in numerous months, Drew Memorial Hospital experienced a profitable month in April.
Chief Financial Officer Shannon Clark informed the hospital’s board of directors Tuesday night during their regularly scheduled monthly meeting.
Clark said the hospital had a gain of just over $47,000 for the month with admissions higher than reported last year.
“We started the year off…well with a bang…for lack of a better term,” Clark told the board.
The hospital only had 181 admissions during the same month last year compared to the 222 seen this year.
Clark said she is encouraged by the beginning of the fiscal year, and she hopes the trend will continue.
“Every couple of years, hospitals just have low numbers,” she said. “I’m hoping to see that this trend continues. We had a good month, and I thought it was a great way to start out our fiscal year.”
Clark said the private option insurance is starting to affect the hospital in a positive light because those patients who had private pay or charity care now have insurance.
“So far it’s been good for us,” Clark said. “I am looking to see how it plays out, but I think it’s going to be positive.”
She said she’s anxious to see how the obstetrical patients’ private option insurance pays out.
“It’s supposed to be where the government pays the deductible to the insurance provider and we get fully paid,” Clark said.
She said she is watching those charts but the payout won’t be until August, which is nine months from the time the private option took affect.
In other business, the board voted:
•to approve the purchase of a chiller for the Intensive Care Unit at the cost of $171,664 or less.
•to approve various hospital policies including the Employee Family Death Policy.
•to purchase a Cysto-Nephro Videoscope at the cost of $12,250.