|NBH reports operating gain for fiscal 2012|
Jan 16, 2013
(Jan. 16, 2012) Northern Berkshire Healthcare improved operations in 2012 and will focus on creating healthier communities in the year to come, President and CEO Timothy Jones told NBH Corporators at the organization’s annual meeting at the Orchards Hotel on January 15.
NBH reported an operating gain of $3 million on revenues of $68 million for the fiscal year that ended September 30, 2012. The system also had non-recurring debt restructuring costs of about $4.1 million. NBH emerged from Chapter 11 restructuring in June, 2012.
“Now we’re focused very much on the future and what we must do to continue to provide excellent care to the 40,000 people who rely on us every year,” said Jones, who joined NBH on October 1. “My first hundred days at NBH has shown me that we are an organization of highly committed, compassionate people. That’s the basis for everything that we need to do.”
Jones said NBH will focus resources on creating healthier communities and working with other healthcare providers in the region.
“Our debt restructuring was completed in June and had the planned effect,” said Chief Financial Officer Christopher Hickey. “It had an immediate impact on the health and stability of our community hospital. We again want to express our appreciation to our vendors and community who stood by us during that difficult time.”
Board of Trustees chair Arthur Turton, MD, who is completing his term as chair, told Corporators that “it has been an honor to represent this organization despite these two years being some of the most challenging in the organization’s history. The skills and dedication of all who are involved in running our system have been on display for me to see.” Turton added, “I see exciting prospects for improving the health status of our community, not just within the walls of our hospital, but through outreach of services throughout the community.”
NBH includes North Adams Regional Hospital, the Visiting Nurse Association & Hospice of Northern Berkshire, Northern Berkshire Healthcare Physicians Group and REACH for Community Health. As the largest employer in the city of North Adams, NBH employs approximately 575 people with an annual payroll of more than $30,000,000.
Highlights of 2012:
· NBH emerged successfully from Chapter 11 debt restructuring.
· NARH earned an “A” Hospital Safety Score from The Leapfrog Group.
· NARH earned the “Gold Plus” quality achievement award for stroke patient care from the American Heart Association/American Stroke Association’s “Get With the Guidelines” program.
· NARH was named to the Harvard Pilgrim Hospital Honor Roll for quality of care for the second consecutive year, placing in the top 25% of those measured nationally on a set of quality indicators.
· The Visiting Nurse Association & Hospice of Northern Berkshire moved to new headquarters on the campus of NARH in March.
· The VNA & Hospice recorded nearly 22,000 home visits, serving about 1,000 clients through its home health care, hospice, and pediatric palliative care programs.
· The Wound Healing Center of the Berkshires at NARH, completing its third year of operation, recorded more than 5,000 visits, an increase of more than 10%.
· The Massachusetts Affiliate of Susan G. Komen for the Cure awarded REACH’s breast health program $40,000 to support breast health initiatives.