Petersburg hospital reports rising inpatient volumes, improves collections as $27 million work building moves through Certificate of Need

Petersburg Medical Center reported stronger inpatient and swing‑bed activity and a decline in accounts receivable days at the board meeting May 21, while staff updated trustees on the hospital’s $27,000,000 work building and steps to complete a Certificate of Need application that will include the MRI installation.

Hospital finance staff said inpatient and swing‑bed days rose markedly year‑over‑year and that April was the highest revenue month in nearly a year. Phil, a staff member who presented the executive report, said the business office’s decision to bring accounts receivable work in‑house led to a recent drop in AR days: “81 as of May 19,” he reported. Board members were told the board’s working target is about 65 days in accounts receivable.

Why it matters: lower AR days and faster collections improve…