By Jim Misunas
LARNED — Record-breaking revenue continues to help Pawnee Valley Community Hospital meets all of its current and future financial obligations.
The Pawnee County Public Building Commission is responsible for paying $1.28 million annually until 2036 to pay for $19.6 million of hospital revenue bonds for construction of the new hospital. The hospital employs 96 full-time and five part-time employees.
The Pawnee County commissioners were briefed on a monthly financial report by Matt Heyn, Pawnee Valley Community Hospital administrator; Bill Overbey, HaysMed vice president/CFO; and Shea Veatch, HaysMed vice president regional operations.
“All of the trends we are seeing are good,” Overbey said. “This is one of the most interesting cash reports we’ve seen.”
Heyn said recent trends indicated Pawnee Valley Medical Associates was adding about 60 to 80 additional patients per month.
Overbey said PVCH delivered a record-breaking $2.5 million of gross revenue in the most recent 30-day period.
“I’m convinced one of the biggest reasons we’re profitable is our relationship with HaysMed,” said John Haas, Pawnee County commissioner.
The favorable financial report made the news of a temporary lower level of operating cash for PVCH less of a concern. PVCH’s cash flow is temporarily lower because of Medicare obligations.
Overbey recommended that PVCH officials provide a cash amount or a guarantee through a bank for $800,000, the money generated annually by Pawnee County’s one-cent health care sales tax. The commissioners made no immediate decision, but Haas suggested that Pawnee County would be prudent to follow through financially on their end.
“The plan we have in place is working and we’ve got the money,” Haas said. “We could sent a positive message to HaysMed.”
Heyn said the PVCH emergency room care led by Dr. David Alcindor has received a 99 percent favorable rating for quality of care.
“We hold ER to a certain level of standardized care,” Heyn said. “At HaysMed, we can track their progress. Having a stabilized medical group, we are getting good feedback.”