Iberia Medical Center presents 2025 audit, flags Medicaid exposure while touting new services

Iberia Medical Center reported to the Iberia Parish Council on May 27 that its audited 2025 financial statements show $135 million in revenue, roughly $62 million in salaries and benefits and about $76 million in net position. Hospital chief executive Dion Vitor told the council the audit showed a $3.6 million increase in net position for 2025 but that, excluding one‑time items, operating profit was closer to $1.5 million.

"We had a net profit of almost $3.6 million in the year 2025," Vitor said, adding that some items—an insurance settlement, a favorable PERS actuarial adjustment and capital outlay receipts—artificially boosted the year’s results. He also warned the council that changes being debated in the legislature around Medicare and Medicaid reimbursement could materially affect a hospital where about 36% of patients are Medicaid beneficiaries.

The presentation, based on an audit performed by Forvis Mazar, noted 120 days cash on hand (roughly $43 million), about 884 employees (522 of whom live in Iberia Parish) and daily emergency‑room volumes of roughly 120 patients. Vitor said the hospital handled nearly 44,000 ER visits in 2025 and performed about 14,000 mammograms and 156 new cancer diagnoses that year.

Vitor also detailed service expansions: a medical‑surgical unit at the north campus expected to open before year’s end, plans to renovate more primary‑care space for spring 2027 openings, and new clinical capabilities including a PET‑CT cardiac package and a Maldi lab identification system that sharply reduces the time to identify pathogens. "We are the first in the state to have this particular type of technology," Vitor said of the cardiac PET capability and the Maldi instrument.

Council members asked questions about patient‑account receivables and an allowance for uncollectible amounts of roughly $9 million. When Councilman Gerson asked whether those were adjustments tied to Medicare or Medicaid, hospital staff said the allowance primarily reflects amounts due from individual patients and collection practices.

The council subsequently passed a resolution formally acknowledging receipt of the hospital’s 2025 fiscal‑year audit.

The hospital’s presentation also identified some one‑time and non‑operating items that boosted 2025 results, including capital outlay receipts of about $1.2 million and a favorable PERS adjustment. Hospital leaders said they will monitor changes in state funding closely and return to the council with further details if legislative action alters reimbursement levels.