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Winneshiek Medical Center had a $69,134 gain in March

Posted: Wed, May 3, 2017 5:33 PM

The financial situation at Winneshiek Medical Center continues to be fair--not excellent, but not terrible, either.

Total patient revenues for WMC were $9.4 million in March--higher than February's total, but just slightly below budgeted figures.  Net Operating Revenues were $5.0 million--at budget.

March's Total Operating Expenses were unfavorable to budget, however, at $5.0 million .  Compared to last year at this time, operating expenses have increased 6.3 percent, while net revenues have increased 2.4 percent.

For the month, Winneshiek Medical Center had a net gain of $69,134 in March.  Year-to-date that figure is $1,623,705, which includes $694,335 of non-operating revenues, such as donations.