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CFO reports highest gross revenue month; cost‑report settlement bolsters February results but AR rises
Summary
Share Medical Center's CFO reported February as the highest gross revenue month of the year, helped by a $690,000 cost‑report settlement and a $94,000 Medicaid incentive payment; accounts receivable rose to about $4.9 million after billing delays caused by coding software downtime.
Share Medical Center's Chief Financial Officer, Kelly, reported that February produced the hospital's highest gross patient revenue year-to-date and a stronger net result than budget so far this year, driven in part by a $690,000 cost‑report settlement and a $94,000 Medicaid incentive payment.
Kelly told trustees gross patient revenue for February was $2,521,911 and the hospital ended the month with a cash balance of…
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