Hospital Reports 10 Years Of Positive Financial Performance

The annual meeting of West Holt Memorial Hospital was held at the Atkinson Public Library on Monday, November 7, 2016. The annual meeting was open to the public, corporate members and Board of Directors. 

Marty Dubas of Seim Johnson accounting firm presented the annual audit for fiscal year 2016. A highlight of the audit presentation included a growth of 8.8% in total operating revenue, achieving a milestone of ten straight years of positive financial performance for West Holt Memorial Hospital. The hospital’s total profit margin of 2.37% exceeded the 1.78% of other critical access hospitals its size. The hospital had 161 total days of cash on hand compared to 113 of its counterparts. Eighty-three percent of the hospital’s total revenue came from outpatient services, confirming a national healthcare trend towards outpatient-based services.

Bradley Pfeifer, CEO, presented the administrator’s report highlighting activities and projects throughout the year. Gross patient revenue exceeded $10 million for the first time. Over the prior year, the clinic saw a revenue growth of 18.91% with 531 more patient visits and outpatient revenue increased 26.95%. Another highlight was the addition of doctors Jarrod and Katherine Wiegman, M.D. Several equipment purchases in 2016 included a 64-slice CT scanner, mobile CArm for surgery, emergency room patient stretcher, and others. West Holt Memorial Hospital also introduced the 340B retail pharmacy program in 2016. Finally, a strategic plan was developed and implementation has begun, including phase one with a new outreach/specialty clinic conveniently located where the current administration offices reside.

Pfeifer concluded his report by sharing, “I am excited about the direction West Holt Memorial Hospital is headed. Our future is bright and I look forward to continually improving patient care for our North Central Nebraska communities.”

Joel Elm, Chairman of the Nominations Committee, reported on nominations for both the Corporate Board and Board of Directors. 

Following the corporate meeting, the Board of Directors met to elect offices, which are as follows: Trent Schaaf, President. Bryan Rentschler, First Vice President. Dwain Marcellus, Second Vice President. Brendan Borer, Treasurer. Jack Wolf, Secretary. Other members of the Board of Directors include Lori Olson, John Kramer, Jenny Stracke and Joel Elm.

​For more information about the healthcare services provided by West Holt Medical Services visit www.westholtmed.org or call (402) 925-2811.

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