Pinckneyville Hospital finishes fiscal year $1.3 million in the black
The fiscal year which ended April 30 was a good one for Pinckneyville Community Hospital. PCH posted $142,747 in operating income and $391,342 in net income for the month, bringing the year-to-date operating income to $787,557 and the net income to $1,372,629. Net income includes revenue from sources other than operations.
"It was a good year," Hospital Administrator Tom Hudgins said. "We are particularly happy with the operating income because that is something we can directly effect."
The Hospital's Board of Directors was also pleased with the financial management over the just-completed fiscal year and agreed to give each employee a bonus. Those who worked half-time or more will receive a $500 bonus, those who worked at least 80 hours, but less than half time will receive $200. Employees who worked less than 80 hours in the previous year will receive $50.
The board also voted to give Hudgins a $4,680 raise on his anniversary date July 15.
In other business, the board:
• voted to adopt the proposed changes to the health insurance program. Beginning in 2014, any employee who plans to purchase health insurance must participate in the wellness screening program. Currently 86 of 118 employees participate and 77 percent of them were rated low-risk. Coverage costs will be based on the rating. There will be on-site screenings in October of this year and at least one at another location in the area. The premium for the coming year for a single employee was set at $50.94 per pay period, which meets the Federal Healthcare Affordability guidelines. Employees who use tobacco can be charged up to 50 percent more. Tobacco screening is part of the wellness screening program.
• heard from Hudgins that the drawings for the new hospital are complete and are being reviewed. They should be sent to IDPH next week. IDPH will then, hopefully, approve the plans for a smaller hospital. Once the 30-day waiting period regarding the public notice on the property ends on June 15, USDA can then release the hospital's application and send it to Washington. There is still no firm date on when the application will be approved. Hudgins said PCH continues to work with USDA and AgStar on financing for the new facility.
• reviewed a report on payer mix and town of residence for oncology patients. The bulk of the patients come from the hospital's primary and secondary service areas.
• approved the purchase of a pediatric add-on kit for the glidescope at a cost of $5,870.
• agreed to purchase new curtains for the acute care rooms at a total cost of $16,904. Hudgins said the windows in the current facility will be compared to the windows in the new hospital before the purchase is made. The new curtains color will be chosen based on the planned color scheme at the new facility.