l. Executive Summary
ll. Call to Order
Dr. Lisa Bauer was introduced in her new role of Chief Nursing Executive and she attended the meeting tonight.
lll.Regular and Consent Agenda
lV. Reports
VI. Executive and Committee Reports
- CEO Report (Steve Underdahl, President and CEO)
Steve Underdahl will be retiring at the end of the year. Internal and public communications are complete. For more information, check the hospital website: https://www.northfieldhospital.org/news/nhc-ceo-steve-underdahl-retire.
Financial mitigation efforts are on target ⅓ through the year.
The Urgent Care wait time tool is up and running and is working well so far. The feedback indicates that people like it. It is difficult to be accurate because each patient takes different amounts of time. The more we use it, the better it will get.
The legislative session was focused on preventing bad bills from passing. These included bills that would have let nurses turn patients away, created non-funded mandates, and set moratoriums on closing services without the permission of the MDH.
- Financial Report (Eric Guth, CFO)
There was good news in April with an operating surplus of 484K. Surgery/Endo volumes drove revenue. The monthly expenses were consistent with the budget.
The Days Cash on Hand was down due to the Change Health cyber attack which has delayed and complicated the billing process. The hospital hopes to be caught up by July 4th or at least by Labor Day.
- Community Relations Committee (Verbal) Report (Robert Morrison)
The committee has a focus on Mental Health services and how the hospital can build partnerships with other organizations such as NAMI.
They learned about initiatives and events to promote the hospital and services to all partner counties.
- Governance and Planning Committee (Verbal) Report (Sarah Carlson, Board Chair)
The board has been interviewing search firms to fill the CEO position. They are down to 2 firms at this point. They are hoping to have candidates to talk to in September. Steve Underdahl is planning to retire at the end of the year with some flexibility if a candidate is not found by that time.
At this point the board took a 10 minute break and then moved to a closed session.
Respectfully submitted by observer Anne Larson.
