Reduced illnesses in community impact hospital
May 19, 2017
The May meeting of the Alva Hospital Authority revealed a net operating loss for April 2017 of $196,750. After sales tax help, the loss was reduced to $125,495.
Fewer admissions and fewer clinic visits came with improved weather and moving past the winter cold and flu seasons. The hospital revenue decreased by $389,269 and the nursing home revenue was down $17,783, but The Homestead increased by $4,828. Total clinic visits in April came in at 1,358 compared to 1,551 in March. The cash balance at the end of April was $278,643, which represented about eight days of operating expenses, excludi...
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