Holy Cross Medical Center reports operating loss but expects December HDAA infusion to restore positive balance

Hospital leaders presented financial statements for June 1–Oct. 31 showing lower-than-budgeted volume and revenue. The presenter said gross patient revenues were "running under budget" and that net patient revenue was under budget by about $2.2 million; operating expenses were about $41.3 million versus a budget of $42.1 million, and the group reported a current operating loss of $2,016,000 compared with a budgeted loss of $1,100,000. The presenter said the hospital expects to receive the third 0.25 HDAA funding in December: "we are gonna be receiving our 3rd 0.25 of HDAA funding in the month of December, and that will be 3,700,000... overall, we'll be receiving 3,400,000," which staff said should move the hospital into the black.

Commissioners thanked hospital staff for transparency and asked about contracting and project timing. Commissioner Brush asked for clarification on the LEA (learning/education) building referenced as the ambulance housing; the presenter clarified the LEA building houses ambulance operations and training. The hospital also outlined capital equipment purchases already funded ($1.1M) and projects in progress totaling about $4.5M including telemetry monitors, OR humidifiers, and a nurse call system. "We're excited about that," the presenter said, and commissioners expressed support for continuing investments that stabilize services.