Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Hospital Financials topic
No spam. Unsubscribe anytime.
Mountainview Medical Center posts modest operating profit in September; AR days and cash on hand reviewed
Summary
The board reviewed September financials showing a $9,000 operating profit and $35,000 net profit, with days cash on hand at 95 and accounts receivable days at 79; staff presented investment balances and a $6 million work-in-progress for the new facility.
Mountainview Medical Center’s board reviewed September financial results at its Oct. 23 meeting, with staff reporting a $9,000 operating profit and $35,000 net profit for the month.
Financial statements presented to directors showed hospital revenue of $736,000 and clinic revenue of $59,000, with net patient revenue of $676,000 and expenses of $668,000. The hospital reported 4 inpatient days, 50 swing days, 73 emergency visits and 312 clinic visits during the month. Days cash on hand totaled 95 and accounts receivable days were 79. Investment holdings listed included First Security ($6,000), US Bank (noted $9,000 gain, balance reported at $556,000) and Merrill Lynch (noted $13,000 gain, balance about $1.24 million). Staff also noted $6 million in work-in-progress for the new facility.
The board accepted the report; no roll-call vote was recorded for acceptance in the transcript.
