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Hospital reports improved January results and says Department of Commerce P3 grant is in final steps
Summary
Hospital officials told the board that net patient revenue rose and the hospital returned to operating income in January; staff said they will attend a Department of Commerce meeting on a P3 grant that the transcript records as a preliminary award 'up to 1000000000 dollars,' with a fallback figure of $735,000 if only phases 1 and 2 proceed.
Hospital executives told the Shared Medical Center Board of Trustees that January brought higher patient volumes and improved finances, and that staff are pursuing a public–private (P3) grant through the Oklahoma Department of Commerce.
A presenter reported that "net patient revenue at an increase of a 106,000 over, prior month for January" and that the hospital had a "net operating income of $501,000" after a loss in the prior month. The presenter…
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