CareArc has made great strides in accomplishing the goals outlined in its five-year strategic plan since it went into place back in 2020.
In fact, during the CareArc Board of Directors’ monthly and annual meetings Tuesday, CEO Renee Hively announced the health center has managed to complete right around 95 percent of those goals.
Hively says there are still several goals needing to be completed ahead of the plan’s expiration in 2024.
Hively says the COVID-19 pandemic did disrupt progress on some of those goals, however, she says work is ongoing to accomplish each one over the next two years. The strategic plan is an HRSA requirement and was enacted back in 2020 and will run through Dec. 31 2024.
The monthly financial report, also delivered Tuesday, showed the health center had a net gain of $93,000 for the month of February bringing the year-to-date net income to $54,000. Total revenues topped budget expectations coming in at $819,500, $80,000 above budget.
Expenses were $726,000 which was 4.5 percent below budget. Also during the monthly meeting, board members received the regular clinical and CQI reports, reviewed a job description for a quality coordinator, conducted a self-evaluation and held discussions on credentialing.
Ahead of the monthly matters, the board held its annual meeting at which time it appointed its directors and officers, approved the ratification of business and affairs of the preceding year and routine business items. The CareArc Board of Directors will reconvene for its regular meeting in April.
