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Sherry Medical Center trustees report improved collections but record a monthly operating loss; approve bank signers and staff reappointments
Summary
Trustees heard a finance update showing lower accounts receivable, a month-end operating loss, and paid off a line of credit. The board approved ICS accounts at High Plains Bank, accepted written reports and reappointed medical staff in unanimous roll-call votes.
Sherry Medical Center trustees on the meeting approved several routine and finance-related items after a finance presentation that showed improved collections but a monthly operating loss.
The board accepted the hospital's written reports and finance statements for August and September 2025, heard that operating cash stood at $114,007 at the end of August, and was told accounts receivable totaled about $3,300,000 — down $178,000 from July and the lowest level the CFO said the hospital has seen in at least six months. Trustees were also told gross revenue for August was nearly $2.2 million and net patient revenue was $983,456, an increase of almost $200,000 attributed in part to lower contractual allowances tied to the swing-bed program.
Despite those improvements in collections, the hospital reported a net operating loss for August of $151,008.10; after accounting for sales tax the presenter reported a net operating loss of $35,002.84. Year-to-date…
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