In a special meeting held Oct. 3, the board of the Upper San Juan Health Service District voted to take out a $500,000 loan to acquire additional equipment and make the final payment to Cerner — the district’s electronic health records (EHR) system company.
Chief Financial Officer Dennis Wilson attended the meeting via phone to answer board questions concerning the loan.
The loan was also explained in the Sept. 23 Finance Committee Report distributed to the board for its regular meeting of the same date.
That report, in part, states: “Our CFO, in a burst of creative thinking, brought us the idea that rather than spend time negotiating a number of lease agreements for several smaller capital expenditures that are on our to-be-acquired list that we take out a loan with favorable interest rates that will cover all the intended purchases.”
The full version of this story is available in the print edition of the Pagosa Springs SUN. Subscribe today by calling (970)264-2100.
