The Midland County Hospital District Board of Directors held their monthly meeting on June 27. The meeting focused on financial reports, strategic plans, and project updates.
Reports from various committees were presented. Nancy Hill, Vice President of Quality and Patient Experience, delivered the March 2024 Quality and Patient Safety Scorecard as part of the Quality Improvement Committee's report. From the Finance Committee, Marie Castro, Vice President and Chief Financial Officer, presented the May 2024 financial statements, revealing a net gain of $711,135, which surpassed the budgeted net gain of $650,539. The Board also approved the renewal of a $10 million unsecured revolving credit line from Prosperity Bank, maintaining the existing terms and fees.
Updates on the current strategic plan were provided by Tasa Richardson, Director of Planning, Marketing, and Communications. Additionally, Stephen Bowerman, President and CEO, presented a resolution for the ratification of the Community Development Block Grant, which the Board approved.
The consent agenda included the approval of the May 23 meeting minutes, an $847,000 bid from MW Builders for the expansion of West Texas Orthopedics and West Texas Therapy at Legends Park, the hiring of Broaddus as the new project manager for the Master Facility Plan, and the replacement of 15 end-of-life servers from Calian to support 700 clients and 252 applications. The Board approved all items on the consent agenda.
In the Public Relations and Marketing update, Richardson reported on the successful promotion of the 10th Annual Wellness Tour and digital campaigns for Modern Healthcare Best Places to Work, recruitment and retention efforts, and West Texas Orthopedics. She also announced the upcoming Championship Hearts event on Aug. 3.
The Tax Office reported May 2024 collections totaling $238,875.94 for maintenance and operations, $83,124.98 for the interest and sinking fund, and $2,976,000 in sales tax, bringing the year-to-date total to $24,562,000.
During the executive session, the Board deliberated on the appointment of a candidate for an open officer position, but no action was taken. Lastly, Bowerman updated the Board on ongoing contract negotiations with Blue Cross Blue Shield, noting that further updates would be provided to the Finance Committee.
The meeting ended with plans to update the community on future strategic initiatives and ensure smooth project transitions and operational improvements.