By Lorri Ooley
In comparison to recent years, Sierra Vista Hospital (SVH) has ended the 2014 Fiscal Year with great improvements. During their monthly meeting, held Wednesday, July 30, the hospital board first heard from the hospital’s Chief Finance Officer Bret Goebel.
Goebel provided a concise report for the complete year, as well as providing a comparison to the close for the previous year. June closed with just over $5.636 million of cash on hand, which brings the hospital’s days of operation to 138.4. In comparison to last year, the hospital closed the 2013 Fiscal Year with $4.228 million.
Similarly, the hospital improved upon its estimated budget for loss, which was original set to be around $1.6 million and yet the hospital accrued a loss of just under $350,000 for the year.
Warren Cross, Chair of the Finance Committee, and Michael Zimmerman, Chief Executive Officer, both offered their praise to the staff and employees of the hospital, accrediting them as the main contributing factor for the current upward trend the hospital’s finances are taking.
Additionally, Zimmerman clarified for the board that the finalized draft of the hospital’s budget for the 2015 Fiscal Year was slightly different than the previous reported draft. He reported that he would be presenting it later the same day to SVH’s Joint Powers Commission.
During his reports for the medical staff and administration, Zimmerman also provided to the board members that the hospital had resolved its relationship with Dr. Anderson for optimality services and privileges at the hospital.
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