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By JOHN FRIEDLEIN
ELIZABETHTOWN — County officials Tuesday approved a $12.1 million capital budget for Hardin Memorial Hospital.
The capital budget for fiscal year 2008-09 is similar in size to the past few years.
“We’re always reinvesting back into our facility,” HMH spokeswoman Michelle Murphy said.
By far the largest single expense — $5.25 million — will go toward the Ring Road Medical Plaza. Workers are putting the final touches on the building, which is expected to open in September, Murphy said. The plaza will include a pediatric gym, an urgent care center and aquatic therapy facility.
This year’s budget also includes $1 million for the Brandenburg Diagnostic Center. Murphy said a Meade County imaging facility would cut down on how far patients from Meade and northern Hardin County must drive, a factor that seems especially beneficial considering the high price of gasoline.
Besides dedicating money to building projects, patient care and equipment, the county-owned hospital also invests in employees, Murphy said.
County officials Tuesday also approved a 3 percent general raise for hospital employees. On the other hand, county government employees this year received only a 2 percent raise.
The raise puts Hardin Memorial Hospital in the 50th percentile of statewide hospital pay.
Also during Tuesday’s hospital board meeting, officials heard an April financial report. Net patient service revenue was 3.5 percent higher than budget for the month.
So far this fiscal year, though, HMH’s profit from operations is down 66 percent from what had been budgeted. The decline has been attributed to a drop in the number of inpatients and it is reflective of a regional trend.
HMH will include a projected revenue for fiscal year ’09 in its business plan, which soon will come before the board, Murphy said.
John Friedlein can be reached at (270) 505-1746.