Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Gila Regional Medical Center reports positive margin, $5.5M linear accelerator replacement and 210 days cash on hand
Summary
Gila Regional Medical Center CEO Robert Whitaker told commissioners the hospital had a positive operating margin for January, about $65 million (210 days) in cash on hand, accruals from the HDAA program, and plans to replace a linear accelerator at an estimated $5.5 million, requiring a roughly three-month service interruption for installation.
Robert Whitaker, CEO of Gila Regional Medical Center, presented the hospitals operations and finance report to the Grant County Board of Commissioners on March 12, saying January produced a positive operating margin and that the health-care delivery and access accrual (HDAA) materially affects reported revenues.
Whitaker described the hospitals liquidity position: "The 210 days cash on hand represents about $65,000,000," he said, and added the facility holds a large portion of the cash in certificates of deposit…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
