There was good news and bad news coming out of Monday’s BRMC Board of Directors meeting. The board met Monday, July 18th, and received preliminary information regarding this year’s budget. While there are some areas of improvement, including outpatient revenue, there are also areas of concern. The Employee benefits looks to be well over budget for the year. CFO Paul Gafford reported that they are currently working with the insurance agent looking into the situation and could be looking at other options for the coming year. BRMC’s self-funded insurance program offers insurance at no cost to the employees with family benefits at a rate far below the norm. CEO Mike Click says he does not want to pass higher cost onto the employees. “I would like to keep our benefit package the best possible package we can for all the employees.”
The board also voted to approve the purchase of two LIFEPAK Cardiac Monitors/Defibrilators for the EMS. The hospital’s portion of this purchase is $23,000. This purchase had already been approved by the City and County.
During the next meeting, the Board of Directors on August 15th will discuss a proposed tax rate to start the budget process. The budget for 2016 – 2017 will be voted on by the board September 19th.
