Today, the Board of Trustees of Hardin Memorial Health (HMH) announced the issuance of Requests for Proposals (RFPs) to explore partnership options with interested healthcare organizations.
“Hardin Memorial Health has never been stronger in terms of its operational and financial position. Over the past five years, our growth has exceeded most Kentucky hospitals, enabling HMH to recruit top physicians and expand and improve medical services for the residents of central Kentucky,” said Harry Berry, Hardin County Judge-Executive.
“Our challenge now is to continue our momentum as the region’s leading healthcare provider by adding to our clinical expertise and securing the capital to invest in technology, infrastructure and people to ensure our citizens have access to comprehensive local healthcare into the future. Starting this process is clearly the right step at the right time for HMH,” said Dennis Johnson, HMH President and CEO.
HMH said it would assess proposals on the basis of several key criteria, including similarity of mission; quality of healthcare services; financial strength; cultural compatibility; and dedication to representative governance.
HMH said it anticipated that the RFP process, in terms of soliciting and assessing proposals, would take several months. The system has retained both legal and financial advisory firms on the project.
Today, Baptist Health manages HMH, but that management contract, initiated 20 years ago, is up for renewal in 2017.
“We have never been in better position to seek a strong and willing partner to help achieve these goals. Sixty years ago, the founders of HMH showed the foresight to create a regional hospital to serve the community into the future. Today, we face a similar challenge,” said Berry.
“Our intent is to evaluate our options deliberatively and thoughtfully and to keep the community informed, as we make progress toward ensuring the best future for continued high quality healthcare delivery to the 400,000 individuals in 10 counties who have depended on Hardin Memorial for more than six decades,” added Berry.
In other board news:
Financials. HMH’s strong financial performance continued in October with an operating Income of $917,000 versus a budgeted $307,000. For the first four months of the fiscal year, HMH’s operating income is $2.4 million compared to a plan of $572,000. HMH Chief Financial Officer Lennis Thompson pointed to higher than forecasted inpatient volumes and higher than anticipated outpatient lab and radiology procedures as some of the key drivers of the financial success.
Multidisciplinary Breast Program. HMH Chief Operations Officer Tom Carrico highlighted HMH’s comprehensive multidisciplinary breast program at the board meeting. Carrico spoke of the highly skilled team of physicians across multiple disciplines who collaborate to treat each patient based on their individual diagnosis and needs. “From diagnosis to treatment to reconstructive surgery and survivorship, patients can now receive the full continuum of care here at HMH,” said Carrico.
HMH Ambassadors. Doris Thompson and Marianne Skaggs were named November’s Ambassadors of the Month. A co-worker nominated Thompson, an environmental services assistant, for the pride she takes in her job and her desire to uphold HMH’s high standard. A co-worker also nominated Skaggs, a phlebotomist/registrar, for her willingness to always go above and beyond for her patients.