SCBHS is projecting much stronger year in 2018

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Swift County-Benson Health Services’ 2018 budget shows a projected loss of $148,000, which reflects a substantial improvement in the health facility’s bottom line compared to past years and the current year.

That projected operation’s loss reflects a depreciation expense of $1,081,000.

Adding back the depreciation gives SCBHS about $950,000 in cash earned in 2018 if income and expense projections are on the mark. Principal payments on debt service don’t show up on the profit and loss statement. However, they take away from cash on hand.

Those debt payments are about $450,000, reducing cash to around $500,000 in 2018, Chief Financial Office Dan Enderson told the SCBHS governing board at its meeting last Thursday night.

Capital equipment purchases will take some of that cash, but based on his projections SCBHS should have cash that it can add to its reserves next year. How the hospital settles up with Medicare on its discounts and allowances will affect the final bottom line numbers for 2018, Enderson added.

Still, the projected cash position for 2018 and the lower loss on operations with depreciation included are a vast improvement over 2017’s projected loss of between $1.1 and $1.4 million. Those figures do also include depreciation expense of near $1 million.

SCBHS is showing more financial strength as the number of medical providers has increased, the number of surgeries performed locally is growing, and with a greater need for physical therapy services and more stays in hospital beds due to those surgeries.

Having the physicians and nurse practitioners available to provide the services is also essential. A couple of years ago, the SCBHS had only Dr. Rick Horecka and nurse practitioners Rachel Wilcox and Mary Felt. It has now added Drs. Josie Syverson, Blair Nelson, and Martha Masciopinto. It has also hired Nurse Practitioner Shari VanBriesen.

Dr. Rodney Lee has been providing services on weekend and holidays, and now has been added to the SCBHS clinic staff.

SCBHS has also added its walk-in clinic this past October. It is open Monday through Thursday from 7:30 a.m. to 6 p.m., Friday from 7:30 a.m. to 4:30 p.m., and Saturday from 9 a.m. to 11:30 a.m. for people who don’t have appointments, but feel they need medical attention....


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