CPGH outlook healthy

Posted: Tuesday, October 04, 2005

The health of Central Peninsula General Hospital is looking good — the financial health, that is.

"August looks good ... and it looks like September is shaping up the same way," said interim finance officer Mike Haggerty reporting on monthly revenue and expenses to the CPGH Inc. Board of Directors last week.

The Soldotna hospital had revenues totaling $4,905,000 for August, compared to a budgeted $4,453,000.

The monthly gain brought the hospital's year-to-date total nearly even with the budgeted amount of $9,269,000.

The facility's net income for the month was $755,000, or 139 percent above the anticipated $315,000. The monthly figure pushed the year-to-date net income to $1,693,000, compared with a budget of $884,000.

Haggerty said, at this point in the fiscal year, the net income figure is not something the hospital focuses on. By year end, actual net income most likely will be equal to the budgeted amount, he said.

The average daily patient census at CPGH was just slightly ahead of budget at 20.68, but the number of outpatient visits was 5,269, 460 beyond the budgeted number of 4,809.

Last year, the hospital's patient census was lower than budgeted in September and October, according to Haggerty, and he said the facility anticipates outpatient visits to fall off at the end of tourist season on the Kenai Peninsula.

Other services that exceeded expectations for the month were emergency department visits, which totaled 1,475; laboratory procedures, which totaled 11,562; and imaging — radiology, CT scans, MRI, ultrasound, mammography and nuclear medicine — which totaled 2,521 procedures.

The hospital's pharmacy dispensed a total of 14,260 doses compared with a budgeted 13,952.

Census days at the hospital-run Serenity House substance-abuse treatment center totaled 171 compared with a budget of 153.

Chief Executive Officer Dave Gilbreath reported that candidates for the vacant chief financial officer position are being interviewed, and a selection will be made soon.

"We've had some very good candidates apply and we've spoken to some already," Gilbreath said.

He said the position is "very critical" to the hospital and to being able to take CPGH "to another level."

"I expect we'll be making an offer in the next several weeks," Gilbreath said.



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