Many great things are happening at San Gorgonio Memorial Hospital!
I am excited to see our new building construction on schedule and within budget to open up our first patient care building, the 2-story Emergency Department and Intensive Care Unit, on or about April 1, 2013. This new building more than doubles the size of each department and it will be equipped with state-of-the-art medical equipment and modern furniture and fixtures. It will comply with strict new seismic laws and allow SGMH to provide emergency medical services for decades to come, even after a major earthquake.
Inside we are making great improvements too. Since contracting with Redlands-based EPIC Management to manage our hospital in late 2010, they have helped us to:
- reduce operating costs and improve our patient service delivery;
- add new local Beaver Medical Group doctors in orthopedics, obstetrics and gynecology, gastroenterology, urology, and general surgery; and
- refinance our debt to gain more financial flexibility and to save on interest costs.
The result is impressive! We went from breakeven cash flow from operations two years ago to generating $4 million in operating cash flow this past fiscal year. We used these excess funds to pay off old vendor debts and purchase $1.4 million in new medical equipment and information technology for electronic medical records. We also restored pension benefits and implemented wage increases, the first for many of our employees in 3 years.
Going forward we are optimistic about our future and the growth of our local hospital. Look for this newsletter each quarter in the Record Gazette and on our web site at www.sgmh.org. Check our local newspapers and magazines to read about our construction progress and the new doctors and services we are adding. And if you are into Facebook and Twitter, look for us there soon.
On behalf of the Board of Directors and the Medical Staff, I want to thank you for your support.