Friday, January 09, 2015
Is Gracedale Breaking Even or Not?
Not so fast, says Executive John Brown. He agrees that Gracedale has only used $3.8 million of the $5.8 million set aside for the nursing home, but it's too soon to say whether it was actually revenue neutral in the last quarter. He believes that won't be known for another 90 days, but does predict that it will come somewhere within $500,000 of the County contribution.
Executive Brown told Council that the scalding water problem last year cost the County $400,000 to fix. It also failed to realize $1.1 million in revenue from the sale of beds. On the other hand, aggressive marketing has led to a census in the 670 range. This means more money in Medicaid reimbursements.
Gracedale's most recent problem is a heating system failure, the kind of thing that always happens when the weather gets cold The County has set aside $7.7 million for the nursing home this year. .