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Board reviews August finances and approves multiple contracts, board motions; accounts payable reduced
Summary
The finance committee reported a $871,000 unfavorable variance for August driven by inpatient shortfalls and an accrual reversal. The board approved minutes, the quality report, medical staff reports and multiple departmental contracts in a series of voice votes.
The Hospital Authority Board heard August financial results and approved several contracts and routine motions during the meeting.
Finance highlights Finance presenters reported that, for August, the hospital was $871,000 unfavorable to budget. Outpatient revenue exceeded budget by $629,000, while inpatient revenue was $1.5 million below budget. Patient days were lower than budget; emergency‑department admits were down. Expenses were $1.2 million under budget, chiefly because the hospital reversed a $2.4 million prior‑year accrual after discussion with auditors. Accounts payable decreased from $16.5 million in July to $8.6 million in August, a reduction leadership credited to focused vendor‑payable work.
Nut graf: Board members were told…
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