Hospi­tal’s fi­nan­cial fu­ture looks good af­ter clean au­dit

The Standard Journal - - FRONT PAGE - By Kevin Myrick kmyrick@polk­stan­dard­jour­nal.net

The books look good at Polk Med­i­cal Cen­ter, and are likely to con­tinue on track for an­other prof­itable year as the bud­get num­bers con­tinue in line through the 2019 fis­cal year.

Of­fi­cials pre­sented the Cedar­town-Polk County Hospi­tal Au­thor­ity with the FY 2018 fis­cal year’s au­dit, and af­ter rec­on­cil­ing the num­bers came up with a to­tal of more than $8.4 mil­lion in prof­its com­pared to the $5.6 mil­lion that they made in the 2017 fis­cal year.

The au­di­tors who com­pleted the re­port for Polk Med­i­cal Cen­ter’s fi­nan­cial per­for­mance gave the com­pany an un­mod­i­fied opin­ion of their books, mean­ing that not only are they clean but also healthy.

Of­fi­cials from Draf­fin and Tucker added that com­pared to other ru­ral hos­pi­tals around the state, Polk Med­i­cal Cen­ter re­mains in a good po­si­tion as well, with long term debt down to around $30.3 mil­lion ac­cord­ing to Clarice Ca­ble’s lat­est es­ti­mates.

That debt how­ever was bun­dled and as­sumed by Floyd Health­care Man­age­ment along with bor­row­ing on the bond mar­ket for Floyd Med­i­cal Cen­ter as well, which tops out over­all at around $182.1 mil­lion.

De­spite the debt, hospi­tal rev­enues and ser­vices re­main strong based on lat­est fig­ures. Polk Med­i­cal Cen­ter’s num­ber of in-pa­tient and swing-bed pa­tients re­main on track with growth as they have in pre­vi­ous months, and Floyd Health­care Man­age­ment Vice Pres­i­dent Matt Gor­man said

that daily av­er­ages for pa­tients stay­ing in the hospi­tal re­main at a healthy 22 per day dur­ing this month alone. He also ex­pected to see an in­crease soon in emer­gency care vis­its as flu sea­son ap­proaches.

“We’re likely to see that ac­count for some of the dif­fer­ences in the num­bers,” Gor­man said.

There were on av­er­age around 73 vis­its per day to Polk Med­i­cal Cen­ter’s emer­gency room in Oc­to­ber. There were more than 2,000 vis­its re­ported dur­ing the month of Septem­ber alone.

As Polk Med­i­cal Cen­ter con­tin­ues to treat pa­tients in the hospi­tal set­ting, they also seek to do their part out­side as well. Last year,

they un­der­took a pair of in­for­ma­tion meet­ings with Wil­lowbrooke at Polk at the Col­lege and Ca­reer Academy cam­pus in Cedar­town about teen sui­cide pre­ven­tion, and drug and al­co­hol abuse.

One of those two pro­grams were brought back to the Rock­mart area al­ready for a dis­cus­sion about teen sui­cide pre­ven­tion, and Gor­man said an­other is sched­uled to pro­vide the east side of the county to take part in a dis­cus­sion about how to know the signs and pre­vent drug or al­co­hol abuse in teens and adults alike.

“We be­lieve it is a good thing for us to be able to hold these pro­grams in both com­mu­ni­ties,” Gor­man said.

Kevin Myrick

Matt Gor­man went over the num­berswith the Cedar­townPolk County Hospi­tal Au­thor­ity board dur­ing their Oc­to­bermeeting. ♦

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