Winneshiek Medical Center expecting over $60 million in net revenue in 2016-2017

The 2016-2017 budget for Winneshiek Medical Center approved Wednesday evening by the WMC Board calls for the hospital to have $60.4 million in net revenue next fiscal year.  That would be a 4.7 percent increase in net rvenue from this current year.

WMC Chief Financial Officer Lynn Luloff says that projection is based on how well the hospital's outpatient services are doing--contributing almost half of WMC's revenues.

While operating expenses at the hospital and clinic are predicted to increase 8 percent next fiscal year, the 2016-2017 budget calls for an operating gain of $1.8 million dollars--a 3.1 percent return on net patient service revenues.

"This is a good budget," Luloff told WMC Board members--and they agreed, approving the budget by a unanimous vote.