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Memorial Hospital CEO presents 2026 budget projecting nearly $1 billion in net revenue; board approves
Summary
Memorial Hospital CEO presented the hospital's conservative 2026 budget, reported strong recent financial results and discussed service changes including obstetrics and trauma-level planning. The Harrison County Board of Supervisors voted to accept the budget.
Nico, CEO of Memorial Hospital, presented the hospital's proposed fiscal year 2026 budget and said the system is budgeting nearly $1 billion in net revenue for the coming year. The board of supervisors moved to accept the budget and voted in favor.
The presentation outlined recent operating results and service changes. Nico said fiscal-year-to-date performance has outpaced the prior year, noting the hospital is running as much as 74% over last year's budgeted figures in some comparisons and is projecting about $19.8 million in net profit at a roughly 2.5% margin by year end. He attributed part of the prior-year variance to one-time COVID FEMA funds that had been included previously and said those were replaced with recurring…
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