Finances dominate CPGH board meeting

Smith named new hospital CFO

Posted: Thursday, November 03, 2005

The yearlong search for a new top finance officer at Central Peninsula General Hospital is over.

Chief Executive Officer Dave Gilbreath told the CPGH Inc. Board of Directors he has hired a new chief financial officer.

Ryan Smith, who was CFO of South Peninsula Hospital from 1996 to 1998 and CFO of Alaska Regional Hospital in Anchorage from 1995 to 1996, is expected to move into his new job Jan. 2.

Most recently, Smith, a graduate of the University of Utah with a bachelor's degree in accounting and a master's in business administration, has been serving as the top financial officer for Salt Lake Regional Medical Center, a 168-bed, for-profit hospital in Utah.

The CFO position at CPGH became open when Ed Burke left in November 2004 to become the top financial executive for Louisiana State University Health Sciences Center, a two-hospital system in New Orleans. Both of those hospitals were severely damaged by Hurricane Katrina two months ago.

In other business last week, the board approved a revised 2006 operating budget of $5,251,694.

The change was made, in part, because the original budget amount was not enough to cover nurse salaries and benefits agreed upon in a new three-year contract (see related story, page A-1).

The earlier budget also did not account for a $1.143 million reduction in Medicare al-lowances CPGH will receive by way of a Centers for Medicare and Medicaid Services demonstration grant project.

Gilbreath said the five-year grant project recognizes that smaller hospitals such as CPGH are at a competitive disadvantage and allows them to demonstrate to CMS how they are affected.

Among criteria used to determine which hospitals qualify are that they have fewer than 100 beds and that they are more than 100 miles from the nearest support hospital.

"CPGH is getting $1.143 million more with which to serve the community," Gilbreath said.

The board also approved leasing second-floor space in the Mundell Building on Binkley Street to accommodate an increase in behavioral health services.

During the ongoing hospital expansion project, CPGH administrative offices have been in the basement of the Mundell Building.

The hospital was also authorized to lease additional commercial space on the Kenai Spur Highway for out-patient Physical Medicine services.

Board Chair Loretta Flanders told the group six candidates have entered their names to be considered for four board seats coming open.

Two current board members — Shirley Gifford and Rick Ross — have not reapplied for their seats. Tom Boedeker and John Hoyt did reapply for theirs.

During his CEO report, Gilbreath told the board the number of hours the hospital's adult volunteers have contributed has now reached 8,000.

He also said the junior volunteers have logged nearly 600 hours since the program for young people began in June.

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