The Skiff Medical Center Board of Trustees got some encouraging news during its monthly meeting Thursday, in the form of several good numbers included in its annual audit.
Harvey Johnson of Seim Johnson presented the audit to the trustees. The audit was conducted for the period ended June 30, 2012 and for 2011.
Net assets for the hospital were up by $947,000 in 2012 over the previous year, and operating income was $778,000, compared to the $1.7 million loss in 2011.
Other operating revenue was up as well, including cafeteria, electronic health record incentive payments and the sale of capital assets accounted for $3.06 million, up from $1.6 million in 2011.
Although inpatient days were flat, outpatient numbers were up, something many other hospitals are experiencing as well, Johnson said.
On a negative note, operating expenses were $2..8 million in 2012 and accounts receivable were up this year as well. Johnson said this is a common condition among many hospitals.
“It’s an industry thing,” Johnson said. “I see this all over. You’re no exception.”
Steve Long, Skiff’s CEO and president, said he was pleased with the audit’s findings.
“This is very encouraging,” Long said. “It shows we’re on the right track, and the positive impact of the demonstration program, which provides reimbursement based on patient care. The audit also tells us that although we’ve made many strides in recent years, we have a long way to go in times of great uncertainty.”
John Jennings can be contacted at (641) 792-3121 ext. 425 or via email at firstname.lastname@example.org.