[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6466146,"mediaKeyId","5825700-8609620da32c7d27f578581eb585649a","parentId",5825700,"title","Sherry Medical Center trustees report improved collections but record a monthly operating loss; approve bank signers and staff reappointments","audioSeconds",379,"startMs",340000,"endMs",719000,"viewUrl","/Search/View?dp=1&key=5825700-8609620da32c7d27f578581eb585649a&start=340&end=719","thumbnailUrl","https://assets.pipeline.soar.com/5825700-8609620da32c7d27f578581eb585649a/thumbnail_340000.jpg","articleUrl","/articles/6466146/Alva/Woods-County/Oklahoma/Sherry-Medical-Center-trustees-report-improved-collections-but-record-a-monthly-operating-loss-approve-bank-signers-and-staff-reappointments","mediaUrl","https://secure.pipeline.soar.com/6466146-6218a3c2dcf9c4d115bb8a1b8d4012a4/orig.mp4?Expires=1773079104&Signature=bWVIxPn-AxasjzRkyJzSS6awdp~gi9MkeV5nBbybNF9Dc8~vLRiAqRroJClC9wVqDw8FhecrGb3D4TiT5kZmT2dn-Y73Lf~W-IQ3Xh7z0lIlXR5-URG0-dFX61XcQO7y7RnogZDlAa-Fkny28Q~XT5MynsC2jJQhxMR4n2tR2GJlln5TmslpwRgV970FMV--EPVNRD6aSbYTtbT9jOc0r4ARc4gTsnyPmRf3Ilz~gITzlUWV8iDidsUA9Ozyg4pgYTIGsml-1V5h2Wiwp0mc9gFPvwsCzUwNhJmPqG0On8QBjJ0o-KjRRUK9zSHrR2dS651P52Tj31zu2hB~pBb7Og__&Key-Pair-Id=KUT5TJCACFTXG","author","Town of Alva","date","2025-09-24T19:59:08.083Z","article","Sherry Medical Center trustees on the meeting approved several routine and finance-related items after a finance presentation that showed improved collections but a monthly operating loss.

The board accepted the hospital's written reports and finance statements for August and September 2025, heard that operating cash stood at $114,007 at the end of August, and was told accounts receivable totaled about $3,300,000 — down $178,000 from July and the lowest level the CFO said the hospital has seen in at least six months. Trustees were also told gross revenue for August was nearly $2.2 million and net patient revenue was $983,456, an increase of almost $200,000 attributed in part to lower contractual allowances tied to the swing-bed program.

Despite those improvements in collections, the hospital reported a net operating loss for August of $151,008.10; after accounting for sales tax the presenter reported a net operating loss of $35,002.84. Year-to-date operations showed a cumulative loss of $348,140; the presenter said that difference from last year is largely explained by a $317,000 payment that usually arrives in August but was received earlier in the current fiscal year.

Trustees were told accounts payable for August was $583,222 — the presenter said that level had not been seen “in a long time” — and that the hospital recently paid off its line of credit. The board also heard that the revenue-cycle improvements tied to the Code Quick implementation and billing efforts have reduced complaints and materially lowered receivables. The CFO reported the organization is preparing data to begin a third-party underpayment audit and recovery process that would examine possible underpayments over the prior five years.

The board took several formal votes by roll call. The motions and outcomes are listed below.

Votes at a glance

- Approve consent agenda (items A–C: minutes and check reports). Motion by Dr. Brown; second by Dr. Simon. Roll call: unanimous yes. Outcome: approved.
- Accept Sherry Medical Center written report for September 2025. Motion by Dr. Simon; second by Mr. Bowman. Roll call: unanimous yes. Outcome: approved.
- Approve ICS accounts at High Plains Bank with Kenneth Allen and Kelly Parker as authorized signers. Motion by Mr. Bowman; second by Dr. Simon. Roll call: unanimous yes. Outcome: approved.
- Reappoint medical staff items 5b1–5b4 (Scott Burke, MD; Joy Burke, pediatrics; Braden Reed, courtesy; Jodilyn Aquino, courtesy). Motion by Dr. Simon; second by Mr. Bowman. Roll call: unanimous yes. Outcome: approved.
- Approve revisions report dated 08/31/2025. Motion by Dr. Simon; second by Dr. Mosberg. Roll call: unanimous yes. Outcome: approved.

Discussion and context

Board members and staff highlighted that the drop in accounts receivable is primarily the result of strengthened billing and collection activity. The CFO noted gross revenue declined slightly month to month, and patient days on the inpatient acute/swing-bed side fell (the presenter reported swing-bed days of 11 in August versus 43 in July), which contributed to the month’s revenue decline. Clinic visits were reported at about 1,413 in August compared with 1,449 in July.

The board was also briefed that swing-bed contractuals were affecting net patient revenue figures because Medicare reimbursement rates for the program differ from other payers; staff said they would “get that looked at and straightened out.” Trustees were told there were no invoices older than 90 days except for PMC deferred invoices associated with a contract, which staff said will be paid when cost-report settlements arrive.

Next steps

Staff said they will proceed with preparing the data package for the third-party underpayment audit and continue monitoring swing-bed contractuals and clinical volumes. Several trustees expressed appreciation for the improved cash flow and collections efforts.

","mediaType","Video","parentTitle","Alva Hospital Authority Sept 23, 2025","oneSentenceSummary","Trustees heard a finance update showing lower accounts receivable, a month-end operating loss, and paid off a line of credit. The board approved ICS accounts at High Plains Bank, accepted written reports and reappointed medical staff in unanimous roll-call votes.","taxTitle","Alva, Woods County, Oklahoma","taxId",70730,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6466136,"Trustees hear Homestead losses and SSM submits plan for rural health transformation funds",107,1029000,1136000,"/Search/View?dp=1&key=5825700-8609620da32c7d27f578581eb585649a&start=1029&end=1136","https://assets.pipeline.soar.com/5825700-8609620da32c7d27f578581eb585649a/thumbnail_1029000.jpg","/articles/6466136/Alva/Woods-County/Oklahoma/Trustees-hear-Homestead-losses-and-SSM-submits-plan-for-rural-health-transformation-funds","https://secure.pipeline.soar.com/6466136-761ac5c9419d1f5a4caff0d7b8a03712/orig.mp4?Expires=1773079104&Signature=ZJ-ZcOMfGYKvnWzMK6j2~GEkbAmf-UZQKlKp6N-tlTCWMKQKGSnSWLItNLTOGG7ZhUEIpmSomtneoe-4X1cST7DYjr1QBCSx7ajS4rBPRORYtrgwuJC4Kf4sDBmeIYDXicA~dNgkMDhUjkllpNI3gAH0wtzmq0tn-a1wvHWMZmawa2imFxnAwa6sFt6gKg~kQfaoFVLTM1PiCPpjoK8xvLUYX~GkO5gtr5u9F4ngcVjijjmOBNpa7HZrcUvBzpfnGByzoaoC2RuIktHYA2oLlIZOEGmmG3rkX0pV0~RHKu8~EH28MUtpjdl2VbMnFYZmHzaOsCpWcRw6fcQEJYgklg__&Key-Pair-Id=KUT5TJCACFTXG","Trustees were briefed on the Homestead senior-care facility's recent operating losses and on system-level efforts to secure federal rural health transformation funding.

Staff reported Homestead recorded a loss of about $17,000 in August and a loss of about $7,000 in July. Leadership said Homestead has cash on hand to sustain operations in the near term but plans to consult with Tanya (staff member) to identify steps to increase occupancy and revenue. The presenter said these monthly losses are not typical and that deaths and turnover had reduced residency levels.

Separately, the board was told that, when auditors complete the fiscal year 2025 audit, the nursing-home assets will be moved to the hospital financials. The presenter said this accounting change will occur as part of the FY2025 audit process.

At the system level, the presenter said SSM submitted a plan as part of state-level allocations for the federal Rural Health Transformation Fund — the presenter referenced the $50,000,000 national allocation that will be distributed to states and said the Oklahoma Health Authority (OHA) is expected to oversee the state distribution. The submission described a unified plan covering software, hardware and behavioral-health expansions and value-based readiness; staff noted other regional health systems also submitted proposals.

The presenter also noted representation at a recent World Health RHAO convention in Tulsa and that a regional administrator was recognized for leadership in rural emergency hospital conversion. Trustees asked no follow-up questions on these items during the meeting.

Next steps

Staff said they will spend time with Homestead leadership to identify revenue strategies and will coordinate with auditors on the planned FY2025 accounting change for nursing-home assets. The system will await OHA guidance on the Rural Health Transformation Fund allocations.","Board members were told Homestead experienced operating losses in July and August and that the hospital system submitted a plan to the Oklahoma Health Authority for allocation from the federal Rural Health Transformation Fund. Trustees were also told nursing-home assets will move to hospital financials in the FY2025 audit.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6466141,"Sherry Medical Center CEO announces new provider hire, MedTech conference attendance and billing transition progress",101,70000,171000,"/Search/View?dp=1&key=5825700-8609620da32c7d27f578581eb585649a&start=70&end=171","https://assets.pipeline.soar.com/5825700-8609620da32c7d27f578581eb585649a/thumbnail_70000.jpg","/articles/6466141/Alva/Woods-County/Oklahoma/Sherry-Medical-Center-CEO-announces-new-provider-hire-MedTech-conference-attendance-and-billing-transition-progress","https://secure.pipeline.soar.com/6466141-1b81b2c8f391098c0f64c4b4ea22ee5f/orig.mp4?Expires=1773079104&Signature=mq0vCMVvFsPx7DSV-UuLI5YBpJqfoVc9MCzis9CQkvpsxjmYAOzY4Uavbap8aCNWwVwBzjz~p5H~Svm~uNnLMkH6ZaCSinvXvFRoZld2oguumCPYJAbOwPMpGICUnYlj-Q2D4OYUsR9AQN3vCbitS5go7vyF5VVCgdBj0l08qrZqcVsP56tbyUBw3I2OtLb-fqSP~p8-hqZf2A5TxxRDuCXjm3VK1IjPSYQ7INqK2lDcDCUMdYoJCdu4nbfLjSDBr8jPxIZBIP7EKE3-2zFn1eL-hOBAQEuxm2ArCdluM9uwhMHEbD6VQ5bKTukLcR9hdXaa5XIJ7m0mfCX-7rsjaw__&Key-Pair-Id=KUT5TJCACFTXG","The Sherry Medical Center chief executive officer announced that the hospital has hired a new provider and that staff attended a national medical-technology conference, saying the experiences will support clinical and revenue-cycle improvements.

The CEO said the hospital has hired Bianca Rees, a physician assistant who will graduate from the OU Physicians Assistant School next month and is expected to begin work after credentialing and provider-number issuance — roughly after the start of the new year. The CEO described the hire as an important addition to clinical capacity.

Leadership and staff from multiple departments attended MedTech Live in Boston last week, the CEO said. Attendees included the CEO, Kelly (last name not specified), an IT representative identified in the transcript as Reese, clinical analyst Mark Olmak, controller Jaden, and revenue-cycle manager Kelsey. The CEO said the conference covered new products and the growing role of artificial intelligence in hospital settings and called it a useful networking and educational opportunity for staff who manage clinical and revenue-cycle functions.

On billing and collections, the CEO reported that the hospital's transition to Code Quick and the revenue-cycle improvements are “moving in the right direction.” The CEO said the board has not received new complaints about billing issues recently and urged trustees to notify leadership if they hear otherwise. The CEO also highlighted steady positive patient feedback, noting daily five‑star reviews mentioning specific clinicians and the surgery program.

Context and next steps

The CEO emphasized credentialing and obtaining provider numbers as the remaining steps before the new physician assistant begins seeing patients. Leadership said they will continue to send select staff to targeted conferences and will monitor the Code Quick transition, asking trustees and staff to report any billing concerns so they can be investigated and resolved.","The CEO said the hospital hired a new physician assistant expected to start after the new year, staff attended MedTech Live in Boston to review AI and product offerings, and Code Quick billing transition has reduced complaints.","actionData","errors"]

Article not found

Sherry Medical Center trustees report improved collections but record a monthly operating loss; approve bank signers and staff reappointments

Trustees hear Homestead losses and SSM submits plan for rural health transformation funds

Sherry Medical Center CEO announces new provider hire, MedTech conference attendance and billing transition progress