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Hospital Audit dhows big profit, but
monthly financial consistently show losses
The
hospital audit for the year ended 9/30/04 shows that Jasper Memorial
Hospital and the Retreat Nursing Home showed a combined profit
of almost $800,000. This amazing turn-around seems to have
come from the “cost report adjustments” from the 2004 Medicare Cost
Report. The monthly financials provided by JMH/JHS have
consistently shown losses. For the MONTH of June, 2005, the
financials show that JMH had an operating loss of $132,000
(that includes the county infusion of funds of $42,000) while the
Retreat had an operating profit of $6,000.
Even though it was
discussed at the July BOC meeting, it was never reported in the
Monticello News that the salaries of the top 5 people at JMH
were obtained through open records (but only after the Attorney
General required Mr. Owens to release them). We have obtained
a copy of this letter and posted it on our website. Go to
www.taxdogs.com
and click on the 8/8/05 link “Jasper Memorial Hospital Salaries”
to see this information for yourself. (If the size is too small
click on the sizing link at the bottom to make the letter full
size.)
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