HCMH Board acts on budget
Humboldt County Memorial Hospital had a float in last Monday's 4th of July Parade through Humboldt. Humboldt Independent photo.
By Kent Thompson
Budget matters and some end of the fiscal year capital purchases were the main matters of business during a meeting of the Humboldt County Memorial Hospital (HCMH) Board of trustees on Tuesday, June 28.
One of the capital improvements is additional parking for employees and patients north of the ambulance garage. The HCMH employee parking lot north of the hospital will be expanded to the east, with an additional 28 employee parking spaces.
The Board discussed and approved a budget for fiscal year 2016-17.
Chief Financial Officer A.J. Mason said projections are for a modest increase in revenue of $700,000, or 3.4 percent.
“This a very conservative number with two new physicians coming on. We are projecting a slight increase in outpatient revenue and only a little increase in inpatient,” Mason said.
The hospital is expecting no rate increase changes for 2016-17.
Deductions from revenues are projected at $6.2 million, up from $5.9 million, and are based solely on cost reporting and rate changes.
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