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Hilo Regional Medical Center reports May surplus, plans imaging upgrades
Summary
Hilo Regional Medical Center CEO Mister Whitaker told the Grant County Board the hospital had about $10.2 million in operating revenue and $10.3 million in operating expenses for May, producing an adjusted surplus of roughly $570,000; he outlined a $9.3 million capital budget focused on imaging upgrades including MRI replacements and bringing a PET/CT scanner in-house.
Mister Whitaker, CEO of Hilo Regional Medical Center, presented the hospital’s May operational and financial report to the Grant County Board of Commissioners on July 9.
Whitaker said May deliveries and emergency department visits were lower than the prior year while clinic visits, admissions, outpatient visits and surgeries were trending higher. For May he reported about $10.2 million in operating revenue, roughly $10.3 million in operating expenses, and an adjusted surplus of approximately $570,000. Year-to-date adjusted surplus was reported at about $4.2 million; year-to-date operating revenue and expenses were described in the transcript in the roughly $104–106 million range.
Whitaker said the hospital had 229 days cash on hand and that the board approved operating capital budgets for fiscal year 2027. He outlined a proposed capital budget of $9.3 million for the coming year, the majority of which is earmarked for imaging upgrades: plans include replacing most radiology equipment and bringing a PET/CT scanner in-house so the facility would no longer rely on a trailer-based unit. He estimated roughly $6.4 million for major imaging purchases and expected about $1.3 million in grant funding for those projects.
Whitaker also reported the hospital received full accreditation from The Joint Commission and maintained compliance with CMS; a follow-up survey by the Joint Commission will occur in three years.
Following the presentation commissioners asked logistical and community questions, and Whitaker answered details including hospital event timings for staff and families.
