Howard Memorial Board of Directors monthly meeting update

The Howard Memorial Board of Directors held their monthly meeting last week. Chief Financing Officer Bill Craig discussed some of the details in the Howard Memorial Hospital Financial Report for the month of September 2022.

Craig said they beat the goal on their volume of patient care units, which was Acute and Swing Bed, but Craig informed the board that there was a budget miss of outpatient ED and Surgery. Craig stated the Collectible Revenue was $137,000 ahead of budget and he explained how the hospital was able to stay above budget.

In conclusion, Craig stated that they hit volume on the Patient Care Unit, they were green on all three of their productivity indicators, and they had about $100,000 pickup on the collectible revenue driven by the work effort of the collection agency’s fees.