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Petersburg Medical Center reports stronger cash position as MRI revenue awaits state decision
Summary
Board financial report shows days cash on hand rise to 134 and accounts receivable days fall toward industry norms, but MRI services remain offline pending staffing and a state certificate‑of‑need decision after 29 public callers testified.
Chairman Jared and the board heard a financial update showing Petersburg Medical Center’s cash position improving and accounts receivable declining.
Jason, the finance presenter, told the board that days cash on hand have climbed to 134 and gross accounts receivable have dropped from around 100 days to roughly 60 days, crediting in‑house collections for much of the improvement. He said year‑to‑date results show about a $4,000,000 positive bottom line that reflects grant activity, while January posted a small loss driven largely by depreciation tied to the new work building. "Collections have been very,…
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