Video- Ray Reynolds (Glen Rose Medical Center) CEO Report-Finances-Cut Backs July 2016Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Video- Ray Reynolds (Glen Rose Medical Center) CEO Report-Finances-Cut Backs July 2016
 


31 July 2016 at 8:27:05 AM
salon

Rough Transcript (watch video for exact) 
Reynolds: A follow up of where we are with trying to get our operating expenses in line with our expected revenue. The reductions, either through resignations or employee reductions, we have 11 positions on that list that totals 37624 a month in savings from employee reductions. We've reported this before, those people that are taking salary reductions, that 8,116 a month. Change in services, Dr L's contract and elimination of night coverage for cardio, 31,774 a month. Now have quantified the change made in employee benefits and quite significant.Matching of 403b eliminates10800. Emloyee contrib health savings 4550 at month, wellness credit cut in half , 6500 savings, not big but a savings, Eliminated employer paid life insurance. Big saveings change to employer contrib to employee health insurance was 21,500 a month addition 7500 a month moving from CHC in house (that was their management fee). Total 51,500 a month savings a month. We recognize many of those expenses we're pushing back on the employees. Employees have been receptive. Have lost 2 or 3 because of it. 1 million 548 a year. Hats off to management staff
 

Reynolds We collect about a million a month in employee services, 100,000, 90,000 in other income, rental from nursing home, services to plant. Goal to get operating expenses under a mllion dollars. Good news, grant received, SHP grant, (Small Hospital) used for training and safety and health investment projects. 

 


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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








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