"The staff has done a great job at digging deep and finding ways to balance the budget," Hudson said.
In other business, Hudson told the board that the hospital's credit rating from Moody's had been reaffirmed at A3 with a stable rating instead of negative.
In May 2011, Moody's dropped CAMC's credit rating from A2 to A3 with a negative outlook.
Hudson said hospital officials were surprised at Moody's rating.
"We were not expecting good news and were pleased to receive the good news that they reaffirmed our A3 rating and have taken us from a negative outlook to a stable outlook," he said. "It's beneficial to have a stable and a good rating when you need to access money in the public market."
Hospital officials submitted a request for certificates of need from the West Virginia Health Care Authority for plans to build three additional floors on top of the Bradford Pavilion surgery center at CAMC Memorial Hospital, board members were told. The $31 million project will initially allow for 48 more beds.
Officials have also submitted a request to build a nearly $40 million new cancer center. The requests were submitted to the HCA on Aug. 16, board members were told.
Reach Lori Kersey at lori.ker...@wvgazette.com or 304-348-1240.