MRMC

The Magnolia Regional Medical Center board met last week.

Several offices at Magnolia Regional Medical Center are being relocated.

Chief Executive Officer Rex Jones told commissioners at their meeting last week that the way medical records are now being stored digitally, there was a large unused room in that department.

The business office will move into the room previously used by medical records. The accounting department will move into offices in the

administration area.

Home Health will then move into the building formerly occupied by the business office and accounting. The existing Home Health building will remain vacant In other board news:

-- MRMC ended the month of April with a negative EBITDA of $179,038.

Net revenue for the month was $1,418,514.

Financial officer Roxanne Stewart said ER visits were down for the month, but the admission rate was higher than average at 17.5 percent.

The hospital had a non-operating income of $588,337, including $50,162 in sales tax revenue.

Stewart said this total includes a new category for non-operating grant revenue. This includes an adjustment of $534,000. The hospital has received $6.1 million in grant and loans related to COVID-19 relief. She said grant money has to be recorded as deferred revenue until it can be recognized. This adjustment was recognized revenue.

Year-to-date, the hospital has a negative EBITDA of $578,542.

Gross revenue is $29,303,757, with a net revenue of $11,073,958 after contractual allowances and charity care deductions of $228,375.

The net labor expense is $6,998,123. Non-operating income for the year is $956,307 including $378,554 in sales tax revenue.

Stewart said the hospital received a $463,000 UPL payment in advance.

She also told the board that EBITDA numbers do not include COVID-19 funding.

-- Jones said MRMC’s proposed lease of its facilities from the City of Magnolia has been finalized and will be sent to the Magnolia City Council for approval, hopefully before the next meeting.

-- Dr. Anselm Tintinu, the new general surgeon, has completed necessary licensing and will be ready to begin his Magnolia practice on July 1. Jones said Tintinu didn’t want to relocate his children too soon amid COVID-19 concerns.

-- Jones said the hospital is going to keep looking for an orthopedic surgeon and family practice/obstetrics physician.

-- Jones said he is still amazed by the public support from companies and individuals in helping during the pandemic. He said the hospital is open for surgeries.

The next meeting will be June 22.

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