WARREN, Ark. (12/19/24) – The Bradley County Medical Center Board of Directors met inside the BCMC Conference Room on Thursday, Dec. 19 for its final meeting of 2024 with financials, reports from executives, policy approvals and more up for discussion.
Minutes from last month’s meeting were approved with Controller Matt Pace presenting the financial report. He informed the board that gross patient revenue was $3,450,223 while the net operating revenue was $1,148,286. There was a net operating loss of $646,329 while there was a sales tax revenue of close to $115,000 generated to bring the total sales tax fund to $5,221,803.30. Additionally, he pointed out an increase in swing bed days with most other service lines around normal volumes for the month.
CEO/CFO Leslie Huitt started by pointing out how good November was in terms of accounts receivable decreasing and an increase in cash collections. Days cash on hand topped 200 days. However, the income statement didn’t look great, but Huitt explained when there are months with more collections there are higher contractual adjustments. There was also a revenue decrease in November largely because of local clinics being closed around the Thanksgiving holiday.
Huitt continued by stating that unbilled accounts receivable was as low as she’s ever seen it and once that number stays lower the income statement will be more consistent. She gave a shout out to Donna Boatman, a new employee with Medical Records that has helped tremendously.
Other updates from Huitt included ARPA funding, Medicaid Cost Report money, and renovating the facility. Huitt said it appears BCMC has met the goals for the ARPA funding but is awaiting confirmation. She informed the board that the hospital did receive Medicare Cost Report money, but it was earlier this month, so it wasn’t reflected in November’s financials.
Chief Operating Officer Leeanna Williams relayed to the board how appreciate employees were of the Christmas bonuses that were approved last meeting and paid out this month. She transitioned to annual policy approvals next with the Emergency Department, Fire and Building Safety, Home Health, and Senior Care policy manuals up for a vote. All four were approved by the board unanimously.
The board then went into executive session to close out the meeting.
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