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Murray County Medical Center reports volume gains, insurance savings and ongoing master planning
Summary
Hospital leaders told the board they elected a new chief of staff, launched a chronic care service in partnership with ChartSpan, ran master-planning sessions with Kraus Anderson and reported improved financials including a $10.27 million cash position and positive net income for the month.
Hospital representatives updated the board on personnel, programs, planning and finances Feb. 4. They reported that Dr. Goldammer was elected chief of staff and Dr. Sanchez will serve as vice chief of staff for 2025.
The Southwest Minnesota Private Industry Council will again partner with Murray County to offer summer internships to area college students, and the hospital launched a chronic care management service with ChartSpan in early January. Hospital leaders described the first of five master-planning sessions with Kraus Anderson; the second session will focus on department-level growth strategies and a final report is expected this summer.
On finances, staff reported insurance-renewal costs fell 12% year over year, with directors-and-officers liability down substantially over the last three years. The hospital’s cash position increased by $644,520 to $10,273,070; net patient receivables decreased by $136,350 to total receivables of $6,667,669, and month net income was $77,690 (YTD +$554,747). Service-line volumes rose across acute admissions, swing beds, surgeries and clinic visits compared with 2023.
Hospital staff said they applied to be part of the 2025 Rural Hospital Stabilization Program and will report back if selected. Commissioners were asked to identify board representation for the hospital’s annual Critical Access meeting scheduled Feb. 6.
