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Winneshiek Medical Center in "good, financially stable state"

Posted: Thu, Apr 7, 2016 3:20 PM

Seven months into its 2015-2016 fiscal year, Winneshiek Medical Center continues to do well financially.  "We're in a good, financially stable state," said WMC Chief Finance Officer Lynn Luloff in present figures showing that February's operating gain of $163,833 was higher than budgeted and when combined with non-operating revenues of $67,375, gave the hospital a net gain was $231,208 in February.     

For the first seven months of their fiscal year, the hospital shows an operating gain of $2,147,377, which is 29 percent higher than last year at this time.  When combined with non-operating revenues of $443,796, the hospital shows a net gain is $2,591,173 so far this fiscal year.