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Posted on May 1, 2019

Hospital board covers money matters

A sizeable portion of the April 22 meeting of the board of commissioners of the Grant County Public Hospital District 2 dealt with money matters of Quincy Valley Medical Center, including two generous grants received.
After discussing a detailed financial report, commissioners Randy Zolman and Don Condit said they liked the report. It showed a summary analysis on one side and on the other side an income statement comparing March 2019 to the previous month and to March 2018. Produced by Controller Rod Shrader, the report showed a significant jump in income before expenses in March 2019 over February, about $135,000 more. February’s net income was a loss of $86,000, but March saw net income in the black, at more than $29,000.
Condit added that he wants to see a similar report every month made available at board meetings.

All five commissioners were at the April 22 meeting of the hospital board: From the left, Don Condit, Randy Zolman, Michele Talley and Anthony Gonzalez listen to CEO Glenda Bishop. Not pictured at the left is Commissioner Robert Poindexter.
Photo by Dave Burgess/Post-Register

Later, Brian Kuest, a commissioner of the Port of Quincy who has spent a lot of time working with QVMC leaders on the Legacy Project, said, “I think it is significant to note … we are $250,000 ahead of where we were a year ago.”
He was referring to net income figures for the first three months of 2019 compared to 2018 shown in the report.
Kuest added that if depreciation is added back in, net income for the first three months of 2019 is a loss of only $37,000.
That is close to breaking even.
Kuest said later by phone, explaining his comments, that the $250,000 swing is significant and characterized the numbers as positive. Starting with a net income loss of $101,000 in the first three months of 2019 and adding back in depreciation of $64,000, from a cash standpoint, QVMC had a $37,000 loss.
Shrader, also later by phone, agreed with Kuest’s description and added that because of the levy approved in 2018, “we did receive more tax dollars than we did in 2018.” The added levy revenue is making a difference: It is part of the upswing in the first three months of 2019 and should continue through the year, Shrader said.
Also on the April 22 agenda were acknowledgements of grants received and put to good use. Glenda Bishop, QVMC’s CEO, spoke glowingly about two organizations that have been big helps, the A.Z. Wells Foundation, and the Paul Lauzier Foundation.
A letter in the board’s agenda packet acknowledged money received from the A.Z. Wells Foundation, about $40,000. Bishop also described for the board how the money was applied to technology upgrades, including a backup internet connection and the startup costs of a plan to replace copiers, which should save money in the long run.
The Paul Lauzier Foundation provided funds that were used, according to a letter copy in the board’s packet, for a technology upgrade in QVMC physical therapy. That grant was for $6,200.
In her administrator’s report, Bishop said she is getting very positive feedback about Dr. Mary Klingner, who recently joined QVMC’s Sageview Family Care clinic in family practice.
Bishop went on to describe for the board an upcoming grant-funded program of the new Grand Columbia Health Alliance, of which QVMC is a part. Called “At the Heart of Care,” it will be a preventative cardiac health program featuring screenings and reduced-price tests on May 16 at QVMC.
Toward the end of the meeting, Kuest told the board about a meeting scheduled for April 29 with QVMC and Samaritan Healthcare officials and the architectural firm that was brought in by the Port of Quincy to do a facility assessment on QVMC. The Port also has request in at the state Legislature for $300,000 to cover inspection, engineering and design, and Kuest expressed hope that the funds would be approved in the state’s new budget.
Because of the Memorial Day holiday, the QVMC board rescheduled its next meeting to 6 p.m., Tuesday, May 28.

By Dave Burgess, news@4n5.ecc.myftpupload.com