The budget includes revenue projections of $15,665,000, with expenses totaling $15,508,000. Expected nonoperating revenue of $58,000 brings the projected profit to $215,000. PAHCS had a profit of $699,000 in 1999, and expects a profit of about $545,000 for 2000.
Revenues for 2001 are budgeted at $15,665,000, compared to an estimated $14,343,000 for 2000.The two largest areas of increase are in hospital and clinic revenue.
Increases in hospital and clinic revenue are expected due to the addition of three new physicians and an additional half-time physician assistant. Extra staffing hours have taken effect in all satellite clinics.
Revenues will also rise due to average price increases of 7.5 percent for hospital charges effective Oct. 1. An average four percent price increase will be implemented in the clinics.
A modest revenue increase is expected from the Koronis Manor due to a slight increase in state funding to support salary increases. No rate increase is planned at 700 Stearns Place.
Most of the expense increases come in the area of patient care and support staff, according to Willie LaCroix, PAHCS administrator. These increases include salaries and wages over the next year for three new physicians, a half-time physician assistant, and the equivalent of 20 full-time positions in the departments of medical records, radiology, lab, and nursing.
Capital additions of $638,230 were also included in the budget, which is down from $1,300,850 last year.
The 2001 budget was presented by Jeff Gendreau, CPA, representing Deloitte and Touche, the PAHCS auditing firm.
The board was informed that bids on the proposed $5 million expansion and renovation project are due on Nov. 28. The construction contracts will be awarded on Dec. 4, with construction to start in the spring.
Positions on the hospital board up for election include the members from the cities of Paynesville, Regal, Roscoe, St. Martin, and Eden Valley. An at-large member will also be elected. All these positions are for four years. A representative from the city of Richmond will be elected for a two-year term.
The board approved consulting staff privileges for John Matsuura, M.D., urology, and ancillary staff privileges for Todd Lemke, Pharm.D., pharmacy, following the completion of their provisional period.
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