Public Hearing on OCH Sale: What You Need to Know
In Starkville, excitement is buzzing as residents prepare for a pivotal public hearing this Thursday regarding the future of OCH Regional Medical Center. Scheduled for 5:30 p.m. at the chancery courthouse, this meeting offers a chance for the community to express their thoughts on the potential sale or lease of the hospital, owned by the county.
A Look Back at Past Efforts
This isn’t the first time the county has considered such a move. Back in 2017, a proposal to privatize OCH was overwhelmingly rejected by local voters. Now, after seven years, the Oktibbeha County Board of Supervisors is again diving into discussions about the hospital’s future.
Marvell Howard, the president of the Oktibbeha County Board of Supervisors, emphasized the importance of community involvement. He mentioned that the board will be presenting a strategic operations assessment conducted by Raymond James Financial Services during the meeting.
The Assessment: A Deep Dive into OCH
Residents can expect a thorough overview of the hospital’s current state during the public hearing. The assessment, which was shared with the board in executive session and is now available on the county’s website, provides detailed insights into various aspects of OCH, such as:
- Income
- Debt profile
- Capital spending
- Nursing staff and retention
- Revenue leakage
According to the report, OCH’s total operating revenue for the upcoming fiscal year is projected to be $79.7 million. This figure has been notably boosted by an increase in Medicaid Mississippi Hospital Access Payments, which have surged by a staggering 232.8% over the last five years. While these payments have created a positive operating margin for the hospital for the first time in recent history, it is crucial to note that, without these payments, the operating margin would likely return to a negative state.
Additionally, the report highlights other significant challenges facing the hospital, such as:
- Underutilization of the inpatient facility
- Staffing issues and high turnover rates
- Increased costs for drugs and supplies
- Technology upgrades
The assessment suggests OCH may benefit from seeking a new strategic capital partner to help acquire assets, share resources, and fund both current and future needs.
A Commitment to Quality Care
Despite the challenges, OCH Regional Medical Center’s CEO reassured the community of their unwavering commitment to providing exceptional care. He affirmed that the hospital’s board of trustees is fully engaged in overseeing operations and is committed to serving the community’s healthcare needs.
Community Engagement is Key
It’s essential for Starkville residents to understand the significance of their voices in this process. State law stipulates that if the board moves forward to propose a sale or lease via a ballot referendum, they must gather at least 1,500 registered voter signatures within 21 days after the public hearing. This is a critical opportunity for the community to express concerns, ask questions, and share opinions.
As the hearing approaches, OCH and county officials are eager to engage in an open dialogue with the community. With the report and a wealth of information available, residents can educate themselves and make their voices heard.
