Alva Review-Courier -

All three SMC entities profitable in May

 

For the second time this year, the Share hospital, convalescent home and The Homestead made profits. The operating cash balance for May was $468,519, which represents 13.4 days of operating expenses, excluding depreciation. The accounts receivable balance was up $4,406 to $2,900,273.

The accounts payable balance for May was $673,845. This represents 43.4 days of operating expenses excluding costs related to salaries, benefits and depreciation.

Gross patient revenue for the hospital for May was $2,011,759, which was a $147,842 increase compared to the prior month. Nursing home revenue increa...



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