CRMC Targeting Revenue Using New Consulting Firm
Cookeville Regional will look to collect more revenue from insurance companies after the Board of Trustees approved a contract Thursday with a healthcare consulting firm. CEO Buffy Key said the firm will consider Cookeville Regional’s processes from registering a patient to the final bill. Key said the medical center has been searching for ways to […]
CRMC Board Approves New Budget, Rehab Expansion
The Cookeville Regional Board of Trustees approved a $448 million budget Thursday night for the new fiscal year. CEO Buffy Key said the budget includes multiple expansion and renovation projects. Key said one of the projects is to increase the beds in their rehab hospital from 20 to 50. “Right now, we have to turn […]
Wells: CRMC Thankful For Legislature Assist With Uncompensated Care
The legislature’s plan to help hospitals cover some of their uncompensated care expenses will help Cookeville Regional. Chief Financial Officer Tommye Rena Wells said CRMC provides about some $30 million annually in uncompensated health care across the Upper Cumberland. She said with increased personnel and supply costs, every hospital is carefully watching its budget numbers […]
CRMC Budget Projects $11.8M Increase For Employee Salaries And Wages
Cookeville Regional Medical Center’s new fiscal year budget placing emphasis on the facility’s people, with an increase of some $11.8 million for market adjustments. CFO Tommye Rena Wells said a projected $132 million will be budgeted for employee salaries and wages. Approximately $5.3 million will be deducted due to decreasing contract labor full-time equivalents. “As […]
CRMC To Purchase Equipment For Whitney Surgery Center
After delaying the purchase for several months, Cookeville Regional Medical Center set to take the next steps to replace GI equipment at the Surgery Center on Whitney Avenue. CFO Tommye Rena Wells said the hospital had originally gotten this request in July with a bid of $1.2 million. She said they have now pushed out […]
CRMC To Apply For Grant To Aid 4 And 5 West Upgrades And Renovations
Cookeville Regional Medical Center set to apply for some $10.6 million for work on the 4 and 5 West capital project. CFO Tommye Rena Wells said the opportunity for the grant funding came from the Tennessee Healthcare Resiliency Program at the Tennessee Department of Health. She said the goal of the funding program is to […]
CRMC Budgets Almost $7M More For Staff Wage Increase
Cookeville Regional to increase its budget for salaries, wages, and benefits for fiscal year 2023 by almost $7 million. Chief Financial Officer Tommye Rena Wells said that brings that budget item up to some $155 million. “During the current fiscal year, the facility increased our wages by almost $7 million for various market adjustments,” Wells […]
Spreadsheet Error Latest Issue In CRMC-City Council Budget
A spreadsheet error found in the Cookeville Regional budget has become the latest issue in Cookeville City Council’s approval of that budget. Administrators found the $400,000 issue as they prepared the final budget documents for next week’s first reading by council. Chief Financial Officer Tommye Rena Wells said she found the error in the marketing […]
