Board approves February financials and two vendor contracts, hears rebound in admissions
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Summary
The board approved the hospital’s February financial report showing month‑over‑month rebounds in admissions and clinic visits and a positive operating margin; it also approved ARUP reference‑lab and Aguity facilities management contracts presented as cost‑saving renewals.
The Nashville General Hospital Authority Board on March 26 approved the February financial report and voted to renew two vendor contracts after a finance presentation that highlighted operational improvements and near‑term budget activity.
Coleman ("Cole") Griffith, accounting manager, summarized February metrics: admissions were 210 and clinic visits about 4,027, a rebound after January weather‑related closures. The finance presenter said the cath lab recorded 32 procedures in February and that net revenue and collections improved versus the prior month, producing a positive operating margin for the month and year‑to‑date.
On the budget front, the finance team told the board it submitted a revised budget to Metro Finance that included about an $8.3 million increase across three categories and raised the city subsidy request. A board motion to approve the February financial report was moved, seconded and approved by voice vote.
Procurement actions: The board approved an ARUP reference‑lab contract effective April 1, 2026, through 2029; the packet indicated the renewal yields net savings compared with the prior contract. The board also approved a three‑year Aguity Health facilities‑management GPO contract with scheduled annual increases noted in the board packet. Presenters said there was no formal RFP for those renewals.
What the board asked for next: Members asked clarification questions about revenue definitions (gross patient revenue vs. net patient revenue and subsidy treatment). Finance staff said certain improvements were driven by timing, improved rates and collections; the board and finance teams agreed to continue monitoring revenue, expense drivers and the revised budget request with Metro Finance.
The meeting record shows voice approvals for the financial report and both contracts; no detailed roll‑call tallies were provided in the open minutes for these motions.
