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Representatives of Bingham Memorial Hospital presented Bingham County Commissioner Cleone Jolley with a check in the amount of $356,628.33 on Friday. It is the latest payment made as a result of an agreement signed in 2007 when the hospital converted from a county-owned and operated facility to a non-profit, 501(c)3 private entity.
The payment amount comes from three funds:
Â° the annual lease payment for the liquid asset transfer,
Â° reimbursement for indigent care provided by the county to area residents and
Â° a percentage of excess revenues over expenses as dictated by the agreement.
This is the fifth year representatives of Bingham Memorial have presented a check to the county.
In 2007, the hospital and the county signed a contract for this payment. In the contract, the county collects $150,000 each year from the hospital for the liquid asset transfer, collects up to $150,000 for a percent of excess revenues over expenses and collect up to $150,000 in reimbursements for indigent care provided by the county to area residents.
This year the payment includes $150,000 for the liquid asset transfer, $150,000 for the excess of revenues over expenses and $56,628.33 in indigent care reimbursement.
The $56,0000 plus is reimbursement from what the county has paid the hospital for indigent care, said Bingham County Clerk Sara Staub. This year $206,628.33 of this payment will be put into indigent services. The remaining $150,000 will be put into the general fund.
Jolley said indigent care is provided to Bingham County residents who have not been able to pay doctor bills in five years. The county pays for the first $11,000.
Speaking of the check, Jolley said. "We count on this money for our budget.
That amount of money, the taxpayers will not need to pay, said Jolley.
In aggregate, Bingham Memorial Hospital has paid out more than $1.5 million over the course of five years to the benefit of Bingham County residents.
"This is the latest example of how Bingham Memorial is positively impacting the community we serve," said Louis Kraml, administrator of Bingham Memorial Hospital. "We work hard to provide an environment where our patients can be assured they are receiving the best care available."
Bingham Memorial Hospital is the fifth-largest employer in Bingham County and provides care for residents of Southeast Idaho, treating close to 120,000 patients each year.