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Committee urged to press hospital for days-of-cash and non-operating revenue details
Summary
Speakers at the July 23 meeting urged hospital leadership to disclose days of cash on hand, recent non-operating revenue and how those funds were used, and whether gift-shop monies supported patient care; the committee asked staff to request these metrics for follow-up.
Michael Fitzgerald, speaking during public comment, told the committee it should require concrete financial metrics from hospital leadership, including "how many days of cash on hand does KMC currently have" and what recent non-operating revenue totals were and how much was returned to Ketchikan.
"Ask her how many days of cash on hand does KMC currently have," Fitzgerald said, listing specific items the committee should request to validate the hospital's operating and non-operating revenue reporting. He framed those questions as the committee's duty to ensure hospital dollars serve Ketchikan's interests.
Committee members asked staff to include those metrics on the committee's annual report card and noted the October meeting as an opportunity for a formal review. Hospital staff confirmed they will provide the three-year trailing net-income figures and other lease-defined financial metrics at the next standing review.
