Hospital has positive financial month

Staff Written News

By Tia Lynn Ivey

managing editor 

The Morgan Medical Center (MMC) Authority swore in two members to serve new three-year terms on the board. Judge Terry Massey swore in Sarah Burbach and Calvin Welch on Thursday, July 25. 

After the swearing in, Chief Finance Officer Kyle Wilkinson presented the monthly financials, revealing another encouraging month for the new hospital. According to Wilkinson, the hospital anticipates a good audit report later this year. 

“Financially, the hospital is doing very well,” said Wilkinson. 

According to Wilkinson, in June 2019, MMC reported a net income of $160,470. The gross revenue was $2.506 million. The deductions from that revenue was $1.127 million leading to a net revenue of $1.379 million, which was $272,000 over budget.  MMC reported “Other Revenue” of $16,000. Total Operating Expenses for the month were $1.707 million.  Non-operating Revenue was $473,000 and was $181,000 over budget.  “Non-operating Revenue was made up in large part to the contribution from the Foundation for FY 2019 capital assets,” explained Wilkinson.  “Draffin & Tucker, our auditors, are scheduled to come out in early October for the FY 2020 audit and will present the audit report at the December Authority Board meeting.  Hospital management anticipates a positive audit.”

During the same regular meeting, the hospital’s Clinical Educator, Dixie Woodham, and ER Nurse Manager, Michelle Benton, educated members about the certifications required of our staff and the classes offered to ensure that those certifications remain current.  “Their presentation included a demonstration of our new CPR mannequins with feedback devices which help students know while training if chest compressions are being delivered in an appropriate manner,” said Megan Morris, public relations director of MMC. 

The board also discussed MMC’s upcoming fundraiser, the 19th Annual Festival of Friends, which will be held on Saturday, August 24 at 7 p.m. in the hall at the Madison-Morgan Cultural Center. This year, all proceeds raised will be used to purchase a ventilator and a portable ultrasound machine for the hospital. 

 “The event is open to anyone and tickets are $50 each,” said Morris. “The event will feature more than 100 auction items to bid on including three international trips to Costa Rica, Tuscany, and Antigua, as well as eight biddable dinner parties.”

The event will also feature  heavy hor d’oeuvres, cocktails, music and dancing.  “Special thanks to Whidby Jewelers for donating our raffle item, Lady’s Rose’ 14KT earrings retailing at $1,000,” said Morris.  

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