Financial situation looking better for Winneshiek Medical Center

Improved inpatient revenues and reduced operating expenses at Winneshiek Medical Center resulted in a November operating gain of $230,795, according to figures released Wednesday afternoon.

Total net operating revenue for November was $4.9 million, which was lower than budgeted.  But November operating expenses were $4.7 million, which was better than budgeted. 

For the first five months of the 2017 fiscal year, Winneshiek Medical Center has a positive operating margin of 0.9 percent.  However, the medical center's budget calls for a 3.1 percent operating margin for the year.

Year to date WMC is showing a net gain of $673,748.  $465,512 of that amount is from non-operating revenues.