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RMC shows deficit in May
Riverland Medical Center experienced its first month in the red in May, showing a deficit of $72,000.
It's the first time in a number of months that the facility has shown a deficit.
"If it had not been for the flood, we would have been all right," said Riverland Chairman Jim Graves. "Our admissions were way down. Otherwise I believe we would have had a $140,000 profit. But it affected everybody."
Revenue for May was $867,090 after deductions, while expenses were $1.21 million.
"We had no more than six patients in case we would have had a mandatory evacuation," said finance officer Lynda Jones. "We're averaging 12 patients for the month of June."
Rusty Eldridge gave a presentation on healthcare finance, telling the board what is involved in the budget and how the expenditures are used throughout the hospital.For the full story, subscribe to the The Concordia Sentinel's NEW E-Edition! |
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