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Seguin hospital expands services, turns a profitSeguin hospital expands services, turns a profithttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149552016-10-27T05:00:00Z2016-10-27T20:00:00Z

​​​​SEGUIN, ​GUADALUPE COUNTY - Just staying solvent is a challenge for many hospitals, so the Guadalupe Regional Medical Center could be accused of overachieving by expanding services, improving facilities and even turning a small profit. 
The last remaining city-county owned hospital in Texas, the facility levies no property tax and gets no direct funding from the City of Seguin or Guadalupe County above what they are required by state law to provide for indigent care, which amounted to $1.5 million each in the fiscal year that ended Sept. 30.

Just staying solvent is a challenge for many hospitals, so the Guadalupe Regional Medical Center could be accused of overachieving by expanding services, improving facilities and even turning a small profit.

“Our days of cash on hand went from 119 to about 140 days” since the previous year, Chief Executive Officer Robert Haynes told commissioners. “Going back 13 years when I started, we had nine days of cash on hand.”

Roughly $15 million in upgrades ​​​are estimated to expand Guadalupe Regional Medical Center's patient capacity from 125 to about 150.The work includes creating a larger, 27-bed surgical center on the hospital's unfinished third floor and adding eight new rooms in the obstetrics department.

The hospital will also add parking spaces out front by demolishing a Bank of America building that it recently acquired for $250,000.

That acquisition, the recent upgrades and upcoming work are being funded by a $117 million bond issued last year, which included refinancing $87 million in existing hospital debt.

San Antonio Express-News
San Antonio-New Braunfels
Medical
http://www.expressnews.com/news/local/article/Improvements-ongoing-at-Guadalupe-Regional-9984265.phpRead more at the {Source}

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