Share Convalescent Home profitable in December

 

January 28, 2018



The Share Convalescent Home had gross patient revenue for the month of December 2017 of $322,915, which was a $13,836 increase over the prior month. Patient days were up to 1,692 compared to 1,645 a month earlier.

The operating expenses for December, excluding salaries, benefits and depreciation was $116,252, a decrease of $1,704 compared to the prior month. Convalescent home salaries and wages for December totaled $159,022, which was a decrease of $1,645 compared to the prior month.

One reason the payroll was lower was because the facility lost several employees when the NWOSU semester ended. This forced the nursing home to use more out-of-town contract labor, which is more expensive.

The net operating income for December was $13,499 and after non-operating revenue was added, the total was $14,524.

Rita Goodrich said the residents enjoyed Christmas season visits from Alva third and fourth graders. She thanked the Alva Hospital Authority for gifts of a Christmas party and Chamber bucks for employees.

 

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