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Regular Session Minutes
Monday, July 31, 2017
12:00 Noon
The Board of Trustees of North Colorado Medical Center met in Regular Session on Monday,
July 31, 2017, in the Richard Stenner Boardroom located at North Colorado Medical Center.
Dr. Carter declared a quorum and called the meeting to order at 12:00 p.m.
ATTENDANCE REPORT
NCMC Board of Trustees: Dr. Susan Carter, Larry Cozad, Catherine Davis, Mark Lawley,
Michael Simone, and Jason Yeater
EXCUSED - Brian Underwood and Sean Conway (Commissioner, non -voting member)
Banner Health: Margo Karsten (NCMC CEO), and Wendy Sparks (NCMC COO) — Arrived at
12:10 p.m.
Staff: Ken Schultz (Board Executive)
Recording Clerk: Esther Gesick (Weld County Clerk to the Board)
PUBLIC COMMENT
There was no public comment.
APPROVAL OF MINUTES
It was MSC (Yeater/Cozad) to approve the minutes from the June 26, 2017, Regular Session
meeting.
NEW BUSINESS - There was no new business to discuss.
NCMC, INC. REPORT
Dr. Carter stated the recent order of business has been discussing the options for filling the
NCMC Inc. Board Executive position when Ken retires in February, 2018, to ensure a smooth
transition. Additionally, the status concerning the bonds is looking better as a result of the
reassessment of the Provider Fee.
CEO REPORT
NCMC CEO, Margo Karsten, gave the following report:
For the past nine months Wendy Sparks has been doing an excellent job of selecting and
bringing in a new Radiology provider, including free-standing imaging. She met with
BlueCross to establish a stronger partnership, and as a result they are encouraging certain
procedures (GI, imaging and certain surgeries) to be treated as out -patient, which should also
help reduce costs. Dr. Carter clarified certain procedures will not be reimbursed unless they
are handled as an out -patient status. Wendy Sparks arrived at 12:10 p.m. She agreed the
team did a great job on gap analysis and have initiated plans to address the needs.
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July 31, 2017 NCMC Board of Trustees
• Employees — Ms. Sparks stated the new standardized uniforms will go into effect on
August 7th, so each specialty will be wearing their unique colors and the staff seems
excited, for the most part.
• Provider Fee —The net impact of the adjusted Provider Fee is a positive $9 million and she
expressed her thanks to the NCMC, Inc. Board and the Board of Trustees. She reported
for the month of July the Greeley Community is ahead of budget by $7.1 million and Year -
to -Date they are behind budget by $500,000.00, so everyone is very pleased.
NCMC, INC. REPORT (Cont'd)
Following the CEO/COO report, Ken Schultz was present and stated the reassessment of the
Provider Fee resulted in a very positive adjustment to earnings, which he hopes to continue
sustaining. Now that the Provider Fee has been remedied, the next goal is to improve upon
the negative A+ rating by Poers and Finch which was issued due to the competition of
UC Health building a new hospital in town. He stated if NCMC can present good numbers in
conjunction with a new local provider, then it may be reclassified back to A+ (Stable). He
commented that double -tax exempt bonds are still in very high demand, so in the end it will
be a negligible impact.
COMMISSIONER'S REPORT - None
VISITATION REPORTS — The reports from Dr. Susan Carter and Brian Underwood will be held over
until August due to scheduling conflicts.
VISITATIONS FOR AUGUST
Dr. Susan Carter (held over from July)
Brian Underwood (held over from July)
Michael Simone
Mark Lawley (to be held over until September)
NEW BUSINESS - None
OTHER BUSINESS - None
PLANNING SESSION - No discussion was held on scheduling a future planning session.
ADJOURN
There being no further business to come before the Board, it was MSC [Davis/Simone] to
adjourn the meeting at 12:20 p.m.
Respectfully submitted,
Esther Gesick
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July 31, 2017 NCMC Board of Trustees
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