The Share Medical Center, Share Convalescent Home and The Homestead all had small profits resulting from February business. Kevin O'Brien, chief financial officer, said this is the first time all three entities have made a profit in the same month.

The best news is the recovery of the bank accounts. At the end of September, SMC had only $74,399 in the bank. Expense reduction efforts were again implemented, along with an increase in winter illnesses, and by the end of February, the facilities had $447,907 in the bank.

This good news means things are headed in the right direction, but no small hospitals are thriving. The bank balance of $447,907 represents only 12.6 days of operating money. The accounts payable balance is still high at $864,634, which represents 51.8 days of operating expenses excluding the costs related to salaries, benefits and depreciation.

Board Chairman Jason Gaisford commented that it is unfortunate that a lot of people in the community have to be sick in order for the hospital to move into the black. In January, there were 120 patient days while that number increased to 237 in February.

The board voted to approve the authorizing resolution allowing the establishment of a $1,044,000 line of credit with Community Bank for the start up money for the UPL program that includes about ten nursing homes. The hospital will be reimbursed for that after the program gets going.

Both The Homestead and the nursing home are down in occupancy. The nursing home average daily census in February was 50 compared to 52.7 in January. The Homestead revenue was down by $4.841 in February. Manager Kelly Parker said, "At least our expenses go down when occupancy goes down."

The net operating income for February was $42,335. After sales tax collections are added, the net income for February increased to $111,582.

The accounts receivable inched up to total $3,569,940, an increase of $464,229 in February.

New employees joining the staff include Taelynn Steele, CNA/laundry; Jaylan Robinson, CNA; Corinna Doman, Homestead Cook; Stacee Clark, Kathleen Hamlin and Leona Byrd, all hospital registration employees. Two physicians received approval for Courtesy Staff privileges: Peter Brumbaugh, MD, Pathologist and Benjamin Love, MD, Pathologist.

Kelly Parker announced that an SMC Foundation appreciation dinner will be held on April 20, 2017.