BOARD OF TRUSTEE MEETING MINUTES
JANUARY 16, 2008
Present: Chuck Heath Gene Meyer Jeff Novorr
Sheryl Jacobs Dana Hale Mike Thompson, MD
Judy Keller Karen Shumate Andy Ramirez
Allen Belot Sheryle D’Amico
Dan Lambert Jane Maskus
Absent: Joe Flannery (excused)
Donna Osness (excused)
Others present: Belinda Rehmer, Community Relations, Skanda, Facilities Management
Call to Order
The meeting was called to order by Chuck Heath.
Welcome to Dr.
Sherri Vaughn
Dr. Vaughn was welcomed as the new Vice President of Medical Affairs.
Approval of Agenda
The agenda was presented for approval.
MOTION: made by Judy Keller, seconded by
Motion carried.
Consent Agenda
a) Approval of minutes for December 19, 2007 Board of Trustee meeting.
b) Planning Committee report.
MOTION: made by
Sheryl Jacobs to approve the Consent Agenda.
Motion carried.
Finance Committee
Report
Chuck Heath reported that the Finance Committee met to review the Investment Policy which would allow LMH to invest in high quality funds. He described as to putting cash and reserves into three buckets (1) money placed daily in the bank’s sweep account (2) short-term portfolio that will consist of investments in Money Market Mutual Funds & (3) long-term portfolio consisting of corporate bonds, US Treasury Notes and US Agency securities, laddered out for five years. This could enhance the bottom line by $300,000 a year. A consultant will be advising the LMH staff as we proceed to transition from current investments and the LMH staff will
Board of Trustee Meeting Minutes
January 16, 2008
Page two
execute the transactions. The Finance Committee recommended the policy to the Board for approval.
Dr. Praeger asked about the Kansas Idle Funds Law. Andy Ramirez related to the Attorney General’s opinion that due to Lawrence Memorial’s status as a Public Charity, its funds are not subject to the Idle Funds Law.
MOTION: made by
Sheryl Jacobs to approve the Investment Policy.
Motion carried.
Facilities
Committee Report
Judy Keller reported on the construction progress. The Committee discussed the contingency fund and felt that if dollars have been spent on activities related to the MOB then they should not allocate them in the contingency fund. Management will review.
Discussed the helipad, its location and route to the emergency room after it moves and the construction begins on the surgery suite. The physicians’ first choice is to have the helipad on the roof, which will cost $800,000 for the pad and elevator. The hospital and construction management are meeting with the flight crews of regional helicopter services to determine a potential interim location during the next year. The Committee continues to look at the prospect of an MOB.
Medical Executive
Committee Recommendations
Dr. Thompson presented the Medical Executive Committee’s recommendations for Board approval:
MEDICAL STAFF – New Appointments:
William Lang Perdue, M.D. – (Courtesy Staff; Surgery Department)
Appointment
effective 1/16/08 through 6/30/09 with Surgery privileges as requested. There will be a Provisional period during
this initial period of appointment.
ALLIED HEALTH PROFESSIONAL STAFF* –
New Appointments:
Kathryn Eaton, ARNP and Kathie
Shump, ARNP – (sponsors: Lawrence
Emergency Medicine Physicians).
Appointments effective 1/16/08 through 6/30/09 with assignment of duties
as requested. There will be a Provisional
period during this initial period of appointment.
Jodette Cox, ARNP– (sponsor: Dr.
Dickerson, Eudora Family Practice).
Appointment effective 1/16/08 through 6/30/09 with assignment of duties
as requested. There will be a Provisional
period during this initial period of appointment.
Board of Trustees Meeting
Minutes
January 16, 2008
Page three
MOTION: made by Dan Lambert, seconded by
Sheryl Jacobs to approve the Medical Executive
Committee’s recommendations. Motion carried.
CEO Comments
Gene Meyer reported on the
following:
·
The hospital has
been extremely busy for inpatient activity.
·
The new MRI has
been delivered to LMH South.
·
A memo is
attached to the statistics in the front of the books with definitions as to
categories to help with understanding the report.
Old Business
a)
Physician
Recruitment – Gene Meyer reported the following:
·
IMG is still
recruiting for a gastroenterologist
·
LOGS is searching
for another OB/GYN
·
Cardiovascular
Consultants are interviewing physicians for an interventionalist.
·
LMH is recruiting
for a Family Practitioner for Eudora
·
General Surgery
is hopefully completed
·
A sixth Hospitalist
is being interviewed
b)
McLouth Update –
Sheryle D’Amico reported that the McLouth Clinic is doing very well despite the
ice storm that put them without electricity for a few days. Sheryle reported a 10% increase in inpatients
& outpatients from this zip code area. and an increase of $500,000 in
charges. Dr. Klingler, Urologist, is
spending some time at the Clinic and is scheduled with six new patients. Dr. Yockey is there once a month for reviewing
charts.
c)
Community Health
Survey – Gene Meyer reported the committee is still working on.
d)
Sunflower
Provider Network (Physician Hospital Organization) – Simon Scholtz reported
that the PHO was created to assist the Medical Staff with administration of
managed care contracts. There are now 52 physicians signed up for the PHO. The Board of Directors is Dale Denning, President,
Jim Smith, Lee Reussner and Greg Schnose representing
the medical staff, Gene Meyer, Simon Scholtz and Bob
Bean representing LMH and Mata Benteris and Jim
Richmond representing Managed Care Partners. The contracts that the PHO is
working with are
New Business
a)
Strategic
Planning Process – Gene Meyer reported that KauffmanHall was contacted
regarding performing a financial and strategic planning for LMH and the
proposal received back was too high and we will be looking at other options.
Announcements
a)
LMH Endowment
Annual Meeting January 29 at Marceli’s
b)
Emergency Department
Open House February 26 (11:30 – 2:00 tentative)
Board of Trustee Meeting
Minutes
January 16, 2008
Page four
Executive Session
MOTION: made by Judy Keller, seconded by
Executive Session for consultation with hospital
attorney which would be deemed privileged in
the attorney-client relationship, to include the CEO,
CFO, and Chief of Staff. The open meeting to
resume in this room at 10:30 a.m. Motion carried.
MOTION: made by Judy Keller, seconded by
to 10:45 a.m. Motion carried.
MOTION: made by Judy Keller, seconded by
to 11:00 a.m. Motion carried.
MOTION: made by Allen Belot, seconded by
Sheryl Jacobs to leave Executive Session.
Motion carried.
Open meeting convened at 11:01 a.m.
Adjourn
MOTION: made by Allen Belot, seconded by
Sheryl Jacobs that there being no further
business, the meeting adjourn. Motion carried.
Respectfully submitted,
Secretary