Revenues in July were sluggish for Winneshiek Medical Center

Unlike the start of last fiscal year at Winneshiek Medical Center, revenues for July 2016 were not robust, hospital officials are reporting. 

July's gross patient revenues of $7.5 million at the hospital and clinics were $1.7 million unfavorable to budget--an 18 percent deficit.  That deficit was eased somewhat by $221,000 in other operating revenue--primarily Electronic Health Record incentive monies and 340B Drug Program monies.  That meant total net operating revenue at WMC in July was $4.2 million, which was 12.3 percent lower than last July.

Operating expenses totaled $4.37 million, which produced a net operating loss in July of $132,909.  

The approved FY2017 operating budget forecasts a $1.8 million operating gain for the year, which is an operating margin of 3.1 percent.