subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Tue, Nov 10 2009 

Resources

print this story   Print this story
  Post to del.icio.us

Published August 26, 2008 10:44 pm - July was a good month for revenue at Norman Regional Health System, according to a financial summary presented at Monday's Norman Regional Hospital Authority board meeting.
Melvin Alexander, Norman Regional Health Systems senior vice president and chief financial officer, said July's net revenue was $30.


Norman Regional revenue, expenses up


By Meghan McCormick

July was a good month for revenue at Norman Regional Health System, according to a financial summary presented at Monday's Norman Regional Hospital Authority board meeting.

Melvin Alexander, Norman Regional Health Systems senior vice president and chief financial officer, said July's net revenue was $30.5 million compared to a budgeted revenue of $29.4 million. The revenue increase was related to 91 surgical cases.

But, operating expenses also jumped.

Alexander said July expenses were $29.4 million while anticipated expenses were $27.6 million. Operating expenses were $1.8 million over budget for several reasons, including increased surgical supplies expense, bad debt expense and higher than anticipated ancillary services for inpatients.

"Next week, we'll see how August turns out," Alexander said.

Also Monday, the hospital authority moved into executive session to evaluate Norman Regional Health Systems chief executive officer David Whitaker.

After board members convened into open session, they moved to approve an increase in Whitaker's total potential compensation for the 2009 fiscal year. According to an e-mail from public information officer Heather Glenn, the amount is equal to the "61st percentile of the salary survey averages reflected in the report of the system's compensation consultant, with up to 35 percent of such compensation contingent on performance results."

Meghan McCormick 366-3539 mmccormick@normantranscript.com



print this story    email this story   






autoconx
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Find a job! Find a Home! Find a car!

Premium Jobs

Technician/Assistant
Technician/Assistant
For Optometrist Office. FT W/Some Benifits, $11/Hr To Start: Increase In Pay Commensurate W/Ex
...>MORE

PT Administrator Assistant
PC Exp Nec. • Gen Office Work
Excellent Pay! • $10 - 12/hr • DOE
485-3050 after 5pm
Sat. Interview 408-24
...>MORE

Full-TIme Loan Service Rep.
Full-TIme Loan Service Rep.
* * * * * * NEEDED * * * * * *
Strong Customer Service And
Computer Skills Re
...>MORE

See all ads

Premium Homes

See all ads

Premium Extras

See all ads


 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2009. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index