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Petersburg Medical Center board reports MRI arrival, financial gains and pending state review of certificate of need
Summary
The Petersburg Medical Center board heard reports July meeting that an MRI has arrived, the certificate of need (CON) application has been submitted to the state, and year‑to‑date operating results remain positive despite a federal change that reduced an expected employee retention tax credit.
The Petersburg Medical Center Board heard an update July that a new MRI has been delivered and that the hospital’s certificate of need application has been submitted to the state, while financial reports showed revenues and cash on hand above budget for the year.
The board learned the MRI unit arrived last week and that staff expect the facility move-in and equipment installation to continue through the late summer, with clinical use likely after remaining installation and CON review are complete. Phil Hofstetter, CEO, said the hospital submitted the certificate of need to the state and is awaiting formal review. "The certificate of need is what we need to start seeing patients in the MRI," Hofstetter said.
Board members received a detailed financial presentation showing year‑to‑date revenues above budget and a strong cash position. Jason (staff member, finance) told the board revenues for the…
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