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April financials show improving margins; parcel tax inflow boosts cash
Summary
April produced a positive operating margin (just over $250,000, ~3%) and year‑to‑date operations are near breakeven after 10 months; management reported receipt of $1.6M in parcel tax allotment and higher MRI utilization.
Ben reported April was another favorable month with a positive operating margin of just over $250,000 (about 3%), continuing an improving trend after prior operating losses. Year to date through 10 months, operations are essentially breakeven with a small positive margin.
Ben said increases in IGT and operational volume — notably orthopedics and gastrointestinal procedures — contributed to the improvement. Imaging had a strong month with 316 MRI exams in April; management noted the old MRI is no longer operational and has a prospective buyer. The hospital also received its final parcel tax allotment for the year, $1,600,000, which raised days-cash-on-hand above 40.
Board members asked about backup MRI contingency plans and the potential operational impacts without a second unit; management said keeping the old machine operational was not financially viable. Staff emphasized continued focus on deferred capital and the capital plan now that operating performance has stabilized.
