Present:  Directors   Tobias, , Dubin, Kloster, Daugherty, Casella
Absent Directors:  Ubl

Also Present:   Scavotto, C. Anderson, P. Anderson, Bockman

Vice Chair Tobias called the meeting to order at 7:05 am.

A quorum was established and the agenda was approved as submitted (Motion Casella (second Daugherty). Minutes of the previous meeting were reviewed and approved by unanimous consent (motion Dubin, second Kloster).

 

Old Business: None

New Business

 

Management Report: Scavotto briefly summarized operating performance for the year ended November 30 2006 and the final year-end statements were distributed. December results reflect a gain of $47k. January is weaker, possibly a break-even month.

Census softened in January but has since rebounded. Overall Medicare performance is up in terms of revenue per day with January and February showing results over $400. Volume in Medicare could always be better. Part B revenue is not as strong as it was in the last quarter of Fiscal 2006.

C. Anderson reviewed the capability of the new Care Tracker system and demonstrated how it is being put to use to improve our care results. C. Anderson reviewed a resident incident (Coumadin) and updated the Board on developments.

 

SLF: The Board was apprised of the current status of the SLF transaction.

 

Next Meeting:

To be announced

Meeting adjourned at  7:15 AM. (motion Casella, second Daugherty, unanimous).

Respectfully submitted.

Catherine Anderson

Recording Secretary

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