The Norman Transcript

Local news

January 29, 2013

Hospital financials represent ‘significant improvement’

NORMAN — Operating revenue for Norman Regional Health System tracked slightly below budget projections during December, Chief Financial Officer Ken Hopkins reported at Monday’s board meeting.

Operating income was “only off budget by $293,000,” Hopkins said. “While net revenue was $1.35 million below budget, this was partially offset by total expenses being $1.06 million below budget.”

Those numbers represent a “significant improvement from November results,” he reported.

December inpatient discharges increased by 96 cases — 6.8 percent — from November but were four cases — 0.3 percent — below the December budget. Year-to-date figures are trailing $6.4 million below budget.

In December, operating income was $764,000. Though this was below budget for the month, it represented a significant improvement from November results, Hopkins said.

“The shortfall from the budget was the result of length of stay, payer mix and outpatient volumes being worse than planned,” Hopkins said. “The outpatient surgeries were very strong,” Hopkins said.

Non-operating income was above November figures by almost $300,000 and above budget by more than $646,000.

“Non-operating income has been quite favorable,” he said. “This resulted in overall net income for the month of almost $1.8 million, which exceeded the December budget by almost $353,000.”

Despite some numbers running below budget predictions, the health care system is staying in the black.

“We’re at about a 2.5 percent profit margin,” he said. That’s about half of the budgeted profit margin.

A capital investment of $156,765 for a new Emergency Department Physician Voice Recognition Dictation System will save more than $1 million annually. The cost for transcription services for the calendar year 2012 was about $1,092,028.

With the new system, those services will no longer be needed. The new system will convert doctor dictation to text. For words that are not recognized, doctors can edit the document, saving the expense of a transcriptionist.

Joy Hampton

366-3539

jhampton@

normantranscript.com

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

1
Text Only | Photo Reprints
Local news
  • N7 Sooners come together to serve Native American youth

    Whitney Wofford has faced some tough competition as a part of the Oklahoma tennis team. However, on Wednesday, Wofford may have taken on her biggest and most rewarding competition yet at the Sooners For N7 event at the Oklahoma football ...

    April 10, 2014 3 Photos

  • Norman High Speech and Debate Team wins state championship

    Briar White’s heart pounded in his chest as he clasped the hands of several classmates and Booker T. Washington High School was announced as the second-place finisher. White said he was elated to hear second place announced because he ...

    April 16, 2014

  • General fund continues to decline as expenses exceed anticipated revenues

    Norman’s expenses will again outstrip projected revenue in the current budget before the city council. The budget for the fiscal year that starts in July and ends June 30, 2015, projects $210,982,020 in total revenues and $213,436,778 in ...

    April 16, 2014

  • Norman students accepted to arts institute

    OKLAHOMA CITY — Forty-nine Norman high school students have been accepted to the Oklahoma Summer Arts Institute at Quartz Mountain, an arts academy hosted June 14-29 in southwestern Oklahoma. The Norman students were among 270 artists ...

    April 16, 2014

  • OU History of Science Department receives Sloan Foundation Grant

    The University of Oklahoma History of Science Department has received a $350,000 grant from the Alfred P. Sloan Foundation in support of a project to build an innovative tool for collaborative research centered on the 100-year-old Isis ...

    April 16, 2014

  • Norman High, North named top schools in nation

    Norman High and Norman North have once again been identified as two of the most rigorous high schools in the state and nation. The Washington Post’s 2014 Most Challenging High Schools list, the first of annual national high school ...

    April 16, 2014

  • Oklahoma Water Survey data web portal to be demonstrated next week

    A new tool is available from the Oklahoma Water Survey, at the University of Oklahoma, for organizations in the state that collect and use water data. Oklahoma Water Survey Director Robert Puls will demonstrate Phase I of a new water data ...

    April 16, 2014

  • Norman teachers excited about professional development

    Norman Public Schools’ teachers are focused on students and want to take advantage of professional development, Beth Spears, director of Staff Development and Student Achievement, said was the overall response teachers had to a recent ...

    April 15, 2014

  • Social justice dialogue part of University of Oklahoma program

    The University of Oklahoma kicked off Justice Week with a public forum Monday titled “Luis Rodriguez: No en Vano.” Critically acclaimed author, Esmeralda Santiago discussed the “Transformative Power of Art,” while joining five panelists ...

    April 15, 2014

  • Storm scavengers now could face felony charges

    OKLAHOMA CITY— It wasn’t long after a devastating tornado hit Moore last year that scavengers were circling the wreckage. Already reeling, Moore residents had a new concern — fending off looters....

    April 15, 2014

Video
Facebook