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As you probably know by now, we have a new CEO at the District, Mr. Corey Fedie. This paper will be telling you about Corey, but I will say that he has made a great first impression with everyone, and is brimming over with the ideas and enthusiasm that made him the Board’s choice. We have not lost touch with our CEO of seven years, Gary Bostrom, who remains with the District in the capacity of Chief Financial Officer, working off-site (a common arrangement for smaller Districts). This is, I feel, a good time to reflect on h...
The exciting news is that your District has settled on a new Chief Executive Officer to take over from retiring CEO Gary Bostrom. The new CEO is Mr. Corey Fedie. He comes to us from the Kit Carson County Health Service District in Burlington, Colorado, which, like us, is a Critical Access Hospital with a 24/7 Emergency Department. Corey was the finalist in what was a grueling selection process, for we were fortunate enough to have several highly qualified applicants. Corey will formally begin his duties on June 10th, giving...
The good news is that it looks like your District will have ended 2018 with a six-digit profit. We have to say “looks like” because the final audit adjustments are not completed, but that seems to be what the number will end up being. That is great news, because a number of other Public Hospital Districts similar to ours are still losing money. That takes us to the less-than-good news. The state Health Care Authority continues to press their proposed new “Alternate Payment Model,” which would drastically change how about half...
As the year draws to a close, here are some odds and ends of updates on District business. In late November, the District held a Strategic-Planning session. Normally, such sessions try to lay out goals, and strategies to meet those goals, for a multi-year period, but this time the focus was more short-term—a year or two—because we will be welcoming a new CEO in mid- 2019, as Gary retires then. The planning was thus left flexible enough so that whoever the next CEO is will be able to put his or her impress on the lon...
Your Hospital District is but one of a number of organizations in east Adams County that are concerned, to one degree or another, with health care. Few if any of those organizations have the kind of budget that similar organizations in non-rural areas of the state have, and so any sort of extra funding support they can get is always profoundly helpful. For over thirty-five years, the East Adams County Healthcare Foundation, an all-volunteer group, has put in yeoman work in raising funds for distribution to the various...