Wise Regional Health System has hired an architect to begin design and engineering work on the new free-standing Fit-N-Wise building to be constructed on the hospital campus off Farm Road 51 South – just north of the current facility.
The hospital’s recent refinancing of $87.6 million in bonds from its 2004 construction project allowed the borrowing of an additional $10 million for the project, while receiving a better interest rate and lowering its payments by about $100,000 a month.
That money, as well as savings, is available for the construction of the new facility which will house therapy, wellness, aquatics and sports medicine.
Marketing director Shannon Puphal said moving Fit-N-Wise is the first step toward being able to add on the hospital’s patient towers.
At Monday’s board meeting, directors approved a service contract with architect Mike Hale to provide architectural, civil engineering and structural engineering services for the project.
Hale recently met with the hospital’s building committee and provided a timeline overview on the project. He said the next few months will include additional site visits, interviews with pool consultants, development of site schematics and interviews with general contractors.
Construction should begin in January 2015.
The board also:
- heard from CEO Steve Summers that the sale of the property near the Dialysis Center in Decatur is expected to close in August after required re-plats are approved. Summers also said Wise Regional’s Dialysis Center in Saginaw had its initial survey by the Centers for Medicare and Medicaid Services (CMS), passed its inspection and has begun accepting Medicare patients.
- heard from Summers about a collaborative effort with local pediatricians to dedicate an area on the second floor of the Decatur East campus specifically for pediatric patients. The new pediatric area will have a dedicated nursing station and pediatrics-trained nursing staff.
- heard a financial report from CFO Jim Eaton, who noted the hospital system saw an overall increase in net position of $316,000 for June. That was after recording $2.8 million in bond issuance costs related to refinancing the 2004 bonds. The hospital system’s net revenues were $16.2 million in June, with volumes down in all major services except surgery, compared to the prior month. Outpatient surgery volume was up 13.2 percent.
- heard from Chief Nursing Officer Sue Sewell that the retention rate for nurses is improving. Tracie Inglis, RN was appointed the Cardiovascular and Stroke Coordinator and Daniel Aranda, RCIS, was selected as the new Director of the Cardiac Cath Lab in Decatur.
- heard a report from Sewell that Pre-Op Assessment has moved to a new suite on the second floor of the East campus Fit-N-Wise building and will include radiology and laboratory. The change is designed to allow patients to address all their pre-op needs at one location within the hospital.
- approved proposed amendments to the bylaws, as well as a resolution designating and assigning places to board members.
- after a closed session, approved several new appointments to the medical staff based on the recommendations of the Medical Executive Committee. They also accepted reappointments and first-year reviews.
The next regular meeting is Monday, Aug. 25, at 6 p.m. in the Administration board room at the hospital.