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Adair County Hospital District meeting 28 Mar 2016
Click on headline for story with photo(s) By Ed Waggener The Adair County Hospital District and the Adair County Hospital District Corporation Board of Trustees held its March meeting in the Adair Annex, 424 Public Square, Columbia KY, a post bankruptcy session, with Vice Chair David Herbst chairing the opening of the meeting and following election of new officers, former Westlake CEO Neal Gold, newly appointed to fill the seat formerly held by Bruce, taking charge after his election as the District's new Chair. Board member Sharon Burton was elected Treasurer. Secretary Brad Keltner will continue in that position. Immediate past chair Richard Grant, who resigned that position last week, is the fifth member. Neal Gold, the chair, explained the board's role now that it no longer operates a hospital, and its projected life span. He said the district continues just as it has as long as the taxing district has obligations. He told the Board and the audience that his role is now back to a voluntary one. He had worked as CEO of Westlake for nine months in an unpaid status before he was hired as hospital administrator to serve the community. There will be more clarity on that, he said, as the district makes some relative minor post bankruptcy settlements and as the district gets next audit. No one is yet ready to say precisely how long it will be until the district has fulfilled its bankruptcy obligation. That will depend, in part, on the final settlements, the flow of tax revenue, and the administrative cost to maintain the district. That figure, Mr. Gold said, is estimated to settle out to around $50,000 annually. Operating costs currently is estimated in a 50% higher range, but is projected to be reduced each month until August, when it will level out. The address of the District is Adair County Hospital District, PO Box 1269, Columbia, KY. The district has contractually arranged space in the TJ Health/Columbia until August 2016. After that, Mr. Gold said, the District will need a small office, possibly in the Columbia/Adair County Chamber of Commerce, or another location. The board's biggest immediate need to to have a shredding company shred documents. The plan they said is to get quotes from a qualified shredding company for the 2,000 boxes of records identified by the Kentucky Department of Libraries and Archives as documents the District is no longer is required to keep. One company has quoted $5/box as the cost, which would total $10,000. The District will also get will also look into converting the few documents it is required to keep to microfiche. Collections of remaining Accounts Receivable will continue as long as it is cost effective, Mr. Gold said. The board addressed a number of issues related to the closing out of Westlake Regional Hospital, including paying the remaining balance owed TJ Health, and accounts receivable yet to be collected may pay most of that. If not, the District has enough funds on hand to cover that cost and the transition to a fiduciary agent to manage the fulfillment of obligations from the bankruptcy. The Board approved financial the financial report presented by CFO David Hayes and approved turning over bad debts for collection. While the bankruptcy was, in the short term look, a huge setback, the board points to some advantages being part of TJ Regional Health system. Mr. Gold said that physical plant improvements are already impressive. He pointed to new paint, new restroom fixtures, and to individual departmental overhauls, such as in the lab, where there is all new equipment. He said that the transformation is really impressive. And that in the future, as part of a larger organization, the TJ Health/Columbia may see Columbia rise as to new heights a healthcare center. He said that efforts to restore the Behavioral Care department are already underway, and he expects TJ to reopen it in the near future. Mr. Gold asked the community's patience for restoration of full hospital services in Columbia, but assured everyone he is confident TJ will come through. "Bud," - Bud Wethington, CEO of TJ Regional Health - , he said, "knows the healthcare industry inside and out. He is a great administrator, and we believe he'll be doing great things in Columbia." This story was posted on 2016-03-31 10:21:51
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