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Connally Memorial’s books get clean bill of health
Cost-cutting measures implemented by management firm Endeavor Healthcare are being credited with bringing about a financial turnaround for the Connally Memorial Medical Center in Floresville. This is according to a report of the hospital’s annual audit, as presented Feb. 16 by J. Brandon Durbin of Lubbock-based Durbin & Co.
Durbin told Wilson Memorial Hospital District board members Ronnie Eckel, Monica Flores, Sam Carter, Amy Clark, Keith Johanson, Sandy Yow, Sue Coats, and Tommy Soriero that he gave an unqualified, clean opinion for the hospital’s fiscal year 2011 books. He also said the books appear to be in compliance with general accounting practices, as the hospital ended the fiscal year with $1 million in net assets and no adverse findings.
The board voted unanimously to accept Durbin’s report. They also accepted the January 2012 financial and statistical report presented by Controller Julie Rowell.
According to Rowell’s report, the hospital finished January with a net income of $107,493, which is ahead of the projected $73,471. Income included $223,839 in total non-operating items --property tax proceeds, other subsidies, and other income. Without considering property tax, however, the report indicates the hospital would have suffered an operating loss of $116,346.
The hospital’s charity care obligation, Rowell said, exceeded budgetary projections, as there were three “high-dollar cases.” For the month, the hospital provided $376,770 in care to indigent patients, compared to a budgeted $281,516.
Rowell also informed the board that February’s $781,000 payment on the bond that helped build the current hospital has been paid from the interest and sinking fund and that there is still enough in the fund to make August’s bond payment.
Upon the conclusion of Rowell’s report, Eckel informed the board that Rowell will be resigning on March 1 after 10 years with Connally. Rowell, who recently became a certified public accountant, has accepted a position elsewhere.
“I have truly enjoyed my time here,” she said. “The people here are my friends and family and I wouldn’t have it any other way.”
The hospital’s Chief Executive Officer Jerome Brooks said Rowell’s replacement has not been selected. He hopes the hiring process, which will include posting the position and interviewing candidates, will take less than two months. A transition team from Endeavor will assist the hospital in the interim.
Also during the meeting, Brooks updated the board on the status of the hospital’s wound-care services agreement. Due to erroneous information, the Wilson County News reported Jan. 25 that the board renewed its contract with Accelecare. Brooks said this did not occur and that the two sides could not reach a compromise on a proposed contract. As a result, he said a new service provider is being sought. Proposals will be presented at the board’s next meeting.
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