Bingham Memorial Hospital Presents $356,628.33 Check to Bingham County Commissioners

Fifth Payment to County Since Bingham Memorial Became 501(c)3 Organization

BLACKFOOT, Id.--(BUSINESS WIRE)--Bingham Memorial Hospital today presented Bingham County Commissioners with a check in the amount of $356,628.33, the latest payment made as a result of an agreement signed in 2007 when the hospital converted from a county owned and operated facility to a non-profit, 501(c)3 private entity. The payment amount includes the annual lease payment for the liquid asset transfer, reimbursement for indigent care provided by the county to area residents and a percentage of excess revenues over expenses as dictated by the agreement.

“This is the latest example of how Bingham Memorial is positively impacting the community we serve”

The press conference was held at the Bingham Memorial facility with Bingham Memorial board of directors and hospital administrator, Louis Kraml. County Commissioner, Cleone Jolley, was in attendance to receive the check.

The Bingham Memorial board of directors chairman, Lee Kniffin, said, “We’re pleased to provide this payment to the County Commissioners to further benefit residents of Bingham County. We are proud of the work that we do at Bingham Memorial, our commitment to provide world-class patient care, and the positive impact the hospital has on the local community, including the employment of more than 650 area residents. We look forward to the coming years as Bingham Memorial continues to bring state-of-the-art care to the residents of Southeast Idaho.”

In 2007, Bingham Memorial Hospital and County Commissioners signed a contract that would collect $150,000 per year for the liquid asset transfer, collect up to $150,000 for a percent of excess revenues over expenses and collect up to $150,000 in reimbursements for indigent care provided by the County to area residents. This year the payment includes $150,000 for the liquid asset transfer, $150,000 for the excess of revenues over expenses and $56,628.33 in indigent care reimbursement.

In aggregate, Bingham Memorial Hospital has paid out more than $1.5 million over the course of five years to the benefit of Bingham County residents.

“This is the latest example of how Bingham Memorial is positively impacting the community we serve,” said Louis Kraml, Administrator of Bingham Memorial Hospital. “We work hard to provide an environment where our patients can be assured they are receiving the best care available. We do this by recruiting the finest, most talented doctors in their fields, creating a hospital atmosphere that is nurturing for our guests and putting together community outreach programs that benefit our residents like our free “Brake for Breakfast” breast cancer awareness event to be held Wednesday October 3rd. We’re pleased to present this check to Bingham County.”

Bingham Memorial Hospital is the fifth largest employer in Bingham County and provides care for residents of Southeast Idaho, treating close to 120,000 patients per year.

About Bingham Memorial Hospital

Bingham Memorial Hospital is a 501(c)3 non-profit critical access hospital located in Blackfoot, Idaho. Bingham Memorial Hospital is committed to the pursuit of excellence in our endeavor to provide a continuum of quality, compassionate, healthcare services for residents and visitors to southeast Idaho, in the most efficient and cost effective manner possible.