Down, SVH Aims For Fiscal Fix

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Despite a persistent downturn in hospital income over the first six months of the present fiscal cycle, Sierra Vista Hospital (SVH) authorities expressed confidence in recovery efforts and for plans in place to right the facility’s operational and fiscal standing.
In his financial report covering the month of December, Chief Financial Officer (CFO) Dan Galles noted several improving factors, before confirming a net-loss of approximately $351,000 for the month. After acknowledging this was balanced against a net-in-come of approximately $89,000, Galles said SVH has incurred an approximate $2.46 million loss over the first six months of the present fiscal year.
Offering an assessment of the situation, the CFO said the largest factor driving the underperformance was a reduction in patient volume (from figures anticipated in the budget). He further noted that the month of December saw the lowest Patient-Day numbers for the year thus far.

Changes Made In SVH Leadership

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During closed-door executive session discussions Wednesday, September 6, Sierra Vista Hospital’s (SVH) interim Chief Executive Officer (CEO) Donna Muder, Chief Financial Officer (CFO) Steve Stewart and Executive Secretary Kathy Elverum all tendered their resignations, effective immediately.
This action prompted a direct response from the governing board once members resumed the afternoon’s regular public session.
Upon reconvening the regular meeting, board members first affirmed that only items on the agenda were discussed during the executive session and that no decisions were made.
Following this statement, governing board members approved a motion to postpone consideration of items remaining on the regular meeting agenda until September 13 except for Item 26-4, which pertained to hospital leadership management.