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December was a good month financially for Winneshiek Medical Center

Posted: Wed, Feb 5, 2020 5:48 PM

An increase in Net Patient Revenues in December at Winneshiek Medical Center led to an improved financial performance for the month.

The medical center says it had an operating gain of $243,222 in December.  The latest financial report from WMC credits an increase in clinic visits and surgical cases as causes of the increase.

When non-operating revenues were added, Winneshiek Medical Center had a net gain of $359,904 in December.

For the first six months of the fiscal year, WMC is still showing an operating loss--$438,771.  However, when non-operating revenues are added, there is now a net gain of $166,664 for the first six months.

Net revenues at WMC have increased by 7.2 percent from last fiscal year, but operating expenses have increased by 9.1 percent during that time.