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Weston County Health Services posts small August surplus; leaders cite improved revenue and accounts-receivable cleanup
Summary
The hospital reported a net gain of $2,115 for August, better-than-budget revenues and steps to reduce accounts receivable, but staff cautioned cash collections lag and recruiting costs remain high due to travelers.
Weston County Health Services reported a positive bottom line for August, showing a net gain of $2,115 and improved revenue and expense metrics that the finance committee called a step in the right direction.
Why it matters: staff said the facility beat its budgeted loss and achieved higher-than-budget gross patient revenue, improvements the board called progress toward financial stability. At the same time, staffing and recruiting costs tied to travel nurses remain a budget pressure.
Details from the report: the hospital posted gross patient revenue of about $2.7 million versus a budgeted $2.5 million. Contractual adjustments (discounts and payer adjustments) were higher than budgeted: about $893,000…
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