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Hospital shows small loss for October

Posted: Wed, Dec 7, 2011 6:47 PM

Winneshiek Medical Center continues to underperform its financial budget.  The hospital brought in $6 million in patient revenues in October, then wrote off $2.5 million in adjustments and bad debts.  That left $3,612,651 in net revenue.  With $3,649,223 in total operating expenses, that left an operating loss of $36,572.

For the year, the hospital has a net gain of $144,639 on revenues of just under $25 million.