CPGH cash flow improving

Posted: Tuesday, June 01, 2004

After three consecutive months of low patient census, Central Peninsula General Hospital financial numbers looked brighter for board members meeting at the end of May.

Hospital Chief Executive Officer David Gilbreath told CPGH Inc. directors that hospital employee salaries were within budget for the month of April, costs for contract labor were better than budgeted and the bottom line for the month was "very good."

"As for net income, right now we're looking at $1.8, almost $1.9 million for the year," Gilbreath said.

He also reported that the number of patients in the hospital Thursday morning was 38, double the average number.

Although the average daily patient census continued to be slightly below budget during April, Gilbreath told directors the patients who were there were more sick.

"In the pharmacy, the total number of doses was down, but the patients were sicker so the total dollars were up," he said.

The CEO told the board that the oncology and radiology departments performed well for the month and said oncology is "way ahead of budget for the year."

In the previous month, the hospital put a temporary freeze on hiring and placed limits on overtime and travel in order to cut costs and improve the bottom line.

"Net income has improve considerably," Gilbreath said.

"I'm real proud that our staff has controlled some of the expenses."

Net income for the year to date is at $1,858,174, compared to a budgeted $2,138,454, but Gilbreath said he is confident net profit for the year will be at or more than $2 million.

The top executive also told the board the 2005 budget would be available in final form in June.

During the CEO report, Gilbreath told directors Alaska hospitals have seen a lot of movement at the chief executive officer level recently.

He said a month ago, the CEO of Providence Alaska Medical Center left, the CEO of the hospital in Cordova has left, the CEO of Valley Hospital in Palmer was scheduled to leave at the end of May and the CEO in Valdez announced he would be leaving in July.

When asked if those changes had any direct impact on CPGH in terms of executives applying for any of those positions, Gilbreath said he was not aware of any.

He said he is not considering a move.

"I'm quite happy here, and as long as the board allows, I'd like to stay," he said.

"I want to see through on the vision of Planetree and the new expansion."

Planetree is the management philosophy that puts the focus of medical care on the patient rather than being provider-oriented, as has been the tradition.

Gilbreath also announced that the official groundbreaking for the hospital expansion is planned to begin at 11:30 a.m. June 25. It will take place on the north lawn, near where the new two-story addition will be built.



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