On Monday, Feb. 12 the Greenwood County Hospital (GWCH) received approval to proceed with acquisition of the CareArc building. GWCH CEO Sandra Dickerson was present Monday morning and shared projections with commissioners in regards to anticipated net income and expenses. Dickerson reported that the GWCH board of Trustees had met on Friday, Feb. 9 and agreed to purchase the building across the street, contingent on consent from commissioners. She explained that, in actuality, this has to be formally purchased by the county (utilizing hospital funds) and deeded to the hospital, as the hospital cannot own property.
Based on figures provided by CareArc related to annual office visits, Dickerson shared that GWCH’s Eureka Clinic would be anticipated to see an increase of 5,000 visits. The increase in net income to GWCH has been anticipated at $817,000. This projected figure was reached by taking per-visit approximated cost of $102 per visit, multiplied by the 5,000 visits. This totals $527,000. Also included in the overall projected increase was increases for other services including lab, ultrasound, CT scan and pharmacy. Estimated cost/expenses were also presented for commissioners and included staff members who will carry over from CareArc- insurance, pay and benefits operating costs, property insurance and utilities. Subtracting this from the anticipated revenue, resulted in the Eureka Clinic’s portion of the projected increase in net income ($7,194). Needed technology and items to outfit the building including computers and phones was anticipated at $20,000.
