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Hospital posts strong March performance; MRI and ER volumes climb
Summary
Ben told the board March was one of the hospital's best months: net patient revenue (ex‑IGT) nearly 15% over budget; operating revenue 17% over budget; MRI exams rose to 290 in March; the ER averaged about 37 patients per day.
Ben presented the March financial report, calling it "probably one of the best financial months that we've had." He told the board that net patient revenue excluding IGT was nearly 15% over budget, operating revenue was 17% over budget while operating expenses were only 2% over budget, and March produced an operating margin that put the hospital back in the black for the fiscal year-to-date. "If you take out the IGT portion of our operating expenses, we actually ran under budget," he said.
Ben also highlighted volume increases that supported revenue: MRI activity reached 290 exams in March (previous high ~250) and the emergency department averaged about 37 patients per day, up from roughly 26 per day in FY23. He said IGT funding is expected to remain flat and that architects are working on an MRI canopy design to be brought to the finance committee for review.
