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October was a good monthly financially for Winneshiek Medical Center

Posted: Wed, Dec 2, 2015 9:52 PM

Winneshiek Medical Center had a net profit of over half a million dollars in October.

Chief Financial Officer Lynn Luloff says the hospital had a record number of patients for an October, which offset a slight decline in clinic visits.

Revenues were $8,915,327 for October.  After contractual adjustments and bad debts, net patient service revenue was $4,956,113.  Because of the jump in activity at the hospital, total operating expenses of $4,669,864 were above budget, but still produced a $461,561 operating gain.  Non-operating revenues of $48,215 yielded a net gain of $509,776.

Luloff says the hospital has now registered a net gain of $1,383,542 since July 1st.