Interim CEO Jeff Hamblen addressed the council about the hospital’s strengths and weaknesses.
He listed the hospitals weaknesses as large accounts receivable totaling over $4 million, a high accounts payable, high operational costs and high malpractice insurance.
Hamblen stated the hospital had made over $220,000 in payment to vendors, which “quieted the rumbling”.
He said now he is speaking to the hospital board about possible outsourcing with Arizona Health Care and hiring a new Chief Financial Officer. He also hopes to develop a budget for the fiscal year due to the hospital not having a budget for two years. He informed the council the hospital is actively trying to sell the old Bashas’ building and he is also communicating with the bondholders about possible financial help.
One thing he addressed as a step he wished to take would be beginning a strategic planning process that would includ the community of Winslow.
“I think we reached the point that it might be the time to go back and check the assumptions and the norms and make sure they fit,” he said, “and if they don’t change them.”
The planning process would include forming a Steering Committee, which Hamblen hopes would include board members and community leaders. The committee would develop long and short-term goals and hold town meetings to gather opinions of the community.
He expects the planning process would begin in February and be completed in May.
“A lot has changed since Winslow Memorial first opened its doors and I think it is very important to do this,” he added.