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ARMC trustees review March finances & approve 3 purchases

Submitted by on April 28, 2010 – 6:05 amNo Comment

Following three of months of large financial losses, the bottom line improved for Alpena Regional Medical Center in March.

The hospital was in the black more than $730,000 for the month, compared to a budgeted increase of approximately $370,000.  Year to date, ARMC remains more than $2 million below its budget.  The hospital is showing a year to date loss of $1.17 million versus a budgeted increase of $1 million. 

Tuesday evening the board of trustees also approved two capital investment projects and the purchase of a $98,000 dishwasher.  The current dishwasher is 30 year-old and not working.  The new one is expected to be in within 6-8 weeks.

The hospital is spending a little less than $21,000 to replace 4 ballasted roofs on various sections of the building which have torn open.  The roof’s substrate and insulation is intact, but water infiltration will cause damage and require a complete tear-off which would double the cost of the work.

The board also approved the replacement of the medical gas alarm panels in surgery and on the patient floors that were installed during the 1982 building expansion in the amount of $17,820.