The Newman Regional Health Board of Trustees got good financial news in its monthly meeting Wednesday.
Net income for May was positive -- at almost $129,000 -- and also exceeded budget by close to $240,000. This pushes the year-to-date net loss to $483,000 compared to the $1.4 million year-to-date loss last year. It also follows the almost $1 million retroactive adjustment early in May as Newman Regional Health shifted from a prospective payer reimbursement method to Critical Access.
In other business, the hospital board approved the replacement of a chiller and cooling tower. Cost is $145,000 to replace the equipment installed in 1995. The project is about $10,000 under budget.
Also, the hospital announced it has qualified for the High 5 for Mom & Baby program, which is designed to bring about successful breastfeeding experiences for newborns. Over 40 hospitals have made the commitment to participate, and Newman Regional Health is the fourth hospital to complete the requirements for the free program.