It was almost shocking
to see the huge profit that Jasper Health Services made in
the most recent audit done by the auditors for Oconee
Regional. For the year ended 9/30/04, JHS (which includes the
Hospital and the Retreat) had a net operating profit of
$789,813. This figure includes the $505,000 that the BOC
provides to the hospital. Even without the county supplement,
the hospital made a profit! Even more curious is the fact
that Oconee Regional (ORMC) had a net operating LOSS of
$2,075,608. So who is helping whom in this arrangement?
It looks as if Oconee needs Jasper, not the other way around.
Another item of interest—for the year ended 9/30/03 ORMC
made $2,035,893 and JHS lost $190,424. This is a quite an
unusual “turnaround.” The audit also reveals that there were
“contributions from Baldwin and Jasper County” in the amount of
$1,072,000. While we continue to hear we need to fund the
hospital to pay for indigent care, the audit shows that an
excess of $1,637,904 was received over and above what was paid
into the Indigent Trust Fund during the year. As of
9/30/04, JHS owed ORMC $2,772,905. (Recent financials
reveal this debt has increased to $3,211,000.)