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Health Network staying in black

May 19, 2011

    The financial portrait for the Adams Health Network presented to AHN trustees Wednesday night continues to show a positive bottom line despite the fact that admissions were down nearly six percent from the previous month.
    AHN Executive Director Marvin L. Baird and Chief Financial Officer Dane Wheeler reported that statistics for the first four months of 2011 show AHN with $285,352 in the black, compared to $386,003 at this point last year. Total operating revenue and total operating expenses for that time frame were nearly identical to those of 2010, but interest income and rental income were down.
    Revenue received this year is $16,618,392 as compared to $16,463,064 last year while expenses are $16,719,797 compared to $16,725,350. Baird and Wheeler continue to note as they have in previous months that a new budgeting process has helped the hospital lower expenses.
    In terms of expenses at AHN facilities for the first four months, ancillary services account for the largest share, $5,199,696; others include routine services, $1,537,308; general services, $1,038,696; administration and general, $2,678,586; employee benefits, $1,985,322; capital expenses, $1,553,798; and bad debt,  $2,726,387.
    Other statistics revealed by Baird involving individual admissions show the number of Medicare-age admits went up five percent in April, non-Medicare patients sharply dropped 21 percent. The average daily census  was up 1.6 percent over that of March and 24 percent above 2010 (patients admitted are staying longer).
    The average hospital census in April was 18.74 patients per day.
    Baird said outpatient surgery cases were up 4.1 percent from the previous month and that slightly offset a large drop of 37.5 percent in in-patient surgeries done at the hospital. Year-to-date, outpatient procedures, which are the lion's share of surgeries at AMH, have decreased 8.5 percent while in-patient cases have slipped 5.7 percent.
    Outpatient services remain busy at the hospital, despite a slight drop overall with emergency room visits up 5.9 percent for the year. Of those seeking ER treatment, 13.5 percent of them ended up being admitted to the hospital, a figure slightly lower than the 16.1 for 2010.
    EMS runs have soared 43.8 percent over the number of runs handled in April of 2010 and year-to-date have jumped 54.1 percent. Baird also noted that physical, occupational, and speech therapy continue to demonstrate increases, primarily due to the increase in long term care activity.
    In discussing the occupancy rates at the Woodcrest Retirement Center, Baird said he was pleased that for the first time in a long period, all 48 apartments are occupied. The hospital is still looking for solutions to fill more of the villas with just 32 of 42 units filled. The Woodcrest Nursing Home is over 97 percent filled, with 117 of 120 beds occupied.
    Other properties owned by AHN include the Evergreen Court Apartments,  which had 30 of 34 units filled, and The Village of Heritage Nursing Home in Monroeville, which saw 57 of 61 beds occupied.

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