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Winneshiek Medical Center continues to do well financially

Posted: Wed, Apr 3, 2013 6:47 PM

Winneshiek Medical Center reported a net gain of $170,840 in February.  That pushed the hospital's 8-month fiscal year to date gain to $1,451,053.

Chief Financial Officer Lynn Luloff says one reason for the improved financial situation is a 23 percent increase in Medicare patient days at the hospital.  That is also helped by a three percent increase in the reimbursement level of Medicare costs.

The hospital now has enough cash on hand to cover 58 days of operation--nearly twice what it had a few years ago.