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New Fall Lecture Series

The Lompoc Hospital Foundation's annual re-occuring Health Lecture Series is starting back up this fall with some very informative and helpful lecutres. On October 15, our very own Dr. Naishadh Buch, Pharm.D. will be presenting a lecure on pharmacistis increasing role in patient's healthcare. And on November 5th Donna Beal
 will be speaking about Alzheimer's and other related diseases.

Find out more about the Health Lecture Series

Operating Hours

  • Visiting Hours

    10:00 AM – 2:00 PM and
    4:00 PM – 8:00 PM daily.

  • Front Lobby

    5:00 AM – 8:00 PM daily.

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1515 East Ocean Avenue

Lompoc, CA 93436

The ER entrance is at the north end of the building, accessible from 7th street.

Patient Education

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Finance Committee Agenda

 

Lompoc Valley Medical Center

FINANCE COMMITTEE

Tuesday, March 27, 2012

12:00 Noon

Board Room

AGENDA

 

Introductory Note: The acronym “I/D/A” next to an agenda item indicates whether or not the item is

a subject for information, discussion, action, or any combination of those options.

 

Call to Order I/D/A

 

Roll Call I/D/A

 

Review of Prior Meeting Minutes

The minutes for the February Finance Committee meeting are included for review and comment. I/D/A

 

Pre-Audit Financial Reports for the Period Ended February 29, 2012

  • Patient Volume Statistics and Graphs.    I/D/A
  • Statistical Summary.   I/D/A
  • Acute and CCC Financial Reports.    I/D/A
  • ATB Graphs/Cash Graphs.    I/D/A
  • Financial Ratio Reports.   I/D/A
  • Surplus Equipment to be approved.   I/D/A

 

IGTs Update

  • AB 113 FY12 IGT approval.  Agreements signed and “seed” money to State at the end of March, 2012.   I/D/A
  • SB90 IGT – Final Agreements received, signed and mailed.  “Seed” money = $140,725.  I/D/A

Expected to net $185,631.

increased to $2,979,525.00 plus $595,905 State Fees with expected net return of $3,746, 000.  I/D/A

  • LVMC FY’11 IGT through Cen Cal Health  - Documents have been submitted.  Amount of “seed” funds 

 

Chemical Dependency Rehabilitation (CDRH) Facility

  • Preliminary Application resubmitted to Cal Mortgage in March.   I/D/A

Additional data submitted to Camden Group for Feasibility Study.  Target study completion end of March.  I/D/A

 

Capital Expenditures

  • None.    I/D/A       

Current Report on Medicare RAC Audits of LVMC Charts and Claims

  • Additional take backs from last report equal $47,000.    I/D/A
  • LVMC enrolled as one of demonstration group to submit outpatient portion of inpatient take backs.  I/D/A

 

Contractual Negotiations

  • Blue Cross:  Agreement reached March 9, 2012 on a two-year amendment from 4/1/12 – 3/31/14.   I/D/A
  • Blue Shield:  Two proposals have been exchanged from each party.  We submitted latest.  Far apart.  I/D/A
  • Cigna:  We have requested CIGNA to submit the first offer.  Dialogue but no proposal received yet.   I/D/A
  • Health Net:  Termination Letter with intent to negotiate sent February 13, 2012.  On hold right now.    I/D/A

 

Other

directors scheduled for the first week in April.  Testing of data continuing.  I/D/A

Adjourn

  • Medicare payments and 5010 platform – Medicare better other plans lagging now.   I/D/A
  • Medi-Cal has withholding full payments except for CCC due to state cash shortage. I/D/A
  • Policy & Procedure for determining Chief Executive Officer compensation.  I/D/A
  • Implementation of Insights Financial Monitoring system moving ahead.  Most data in, training for 
  • Insights Financial Monitoring/Budgeting System Demonstration.   I/D/A

 

 

Date Posted:  March 23, 2012