Phelps County Regional Medical Center had its busiest month ever in February, according to the hospital’s administrative director of Finance as he apprised the Finance Committee Wednesday.


Phelps County Regional Medical Center had its busiest month ever in February, according to the hospital’s administrative director of Finance as he apprised the Finance Committee Wednesday.


With an adjusted, average daily census of 266.6 patients a day, February statistics pushed January’s record-breaking census of 256.1 patients to third place on the hospital’s Top-Ten Busiest Months’ list.


Ed Clayton, administrative director of PCRMC’s Finance Department, said he was pleased with the statistics because the hospital needed good financials at the beginning of the year to offset traditionally slower periods near the end of year.


“We are seeing very strong, overall patient volumes,” Clayton said.


In February, the hospital recorded adjusted patient days (adjusted for outpatient activity) at 7,465, which was more than expected by 11.4 percent. Year-to-date, PCRMC recorded adjusted patient days of 15,406, again, more than expected by 9.1 percent and more than last year’s statistics by 9.8 percent.


According to a consolidated financial review released by PCRMC Vice President and Chief Financial and Operating Officer Jerry Paule, net patient revenues for February totaled $14.171 million, with expenses totaling $13.857 million.


The hospital’s total income from operations in February was $1.140 million, and its year-to-date income stood at $1.884 million, which “. . . was excellent and exceeded our expectations,” the Paule memorandum stated.


However, PCRMC experienced a $678,000 loss on its investments in February, and year-to-date losses in investments of $1.018 million.


Clayton said the loss was related to poor market conditions and that the hospital was, in fact, faring better than most investors.


“The first two months of this year has shown our investment mix has served us well,” Clayton told the Finance Committee.


Aside from approving the February financial statements, the PCRMC Board of Trustees also approved the By-Laws of PCRMC Health Services, Inc.


No changes in the by-laws occurred, explained Rhonda Teague, director of Phelps Regional Homecare and Hospice to the board, but state regulations mandated a formal review and approval.


Teague also presented an annual report detailing financial statements and the overall operations of PCRMC Health Services, Inc.