Hospital sees improved finances entering FY 2020

Cardio-Pulmonary Department members Courtney Palmer (left), Val Cleveland (center) and Darla Van Gronigen (right) try out the Nu Step recumbent machines that are part of the new cardiac rehab, respiratory therapy gym at HCMH. There are several new machines, including a Cyber Cycle, that is like a bike riding video game. See this and other photos by clicking on the Buy A Photo link on this webpage. Humboldt Independent photo by Kent Thompson.

As Humboldt County Memorial Hospital (HCMH) moves forward this week with a new medical hub addition for health clinic and outpatient services, the Board of Trustees heard some good news during their regular monthly meeting on July 25.
“Our gross revenues continue to be strong,” HCMH Chief Executive Officer Michelle Sleiter said. She said the hospital could see an additional $20,000 to $30,000 in revenue for June before the books are closed out on the month and the hospital’s operating year.
For the fiscal year, the hospital revenues were 4.8 percent above budget and 6.6 ahead of the previous year.
As operations start in the new medical wellness hub, Sleiter is pleased with the budgeting, expense and financing aspects of the new addition and work on the existing hospital.
“The total project was slated at $19,220,000 originally. The budget was set at $18,215,000 and after base bids and doing some tweaking we were able to reduce that number to $17.6 million. We have spent $14.8 million so far and with pending change orders it is at $14.9 million. Ninety-three percent has been on hard construction costs and we have about $1.7 million remaining to be paid from the base bid.
“That means we will be coming in at $16.6 million or about $2 million lower than estimated,” she said.
To read more about what's new at the hospital, see the article in this week's Humboldt Independent.

Rate this article: 
No votes yet