Share Convalescent Home gross revenue down for month

 

April 19, 2018



The Share Convalescent Home gross patient revenue for the month of March totaled $347,224, which was a $26,369 decrease compared to the prior month. The operating cash balance at the end of the month was $39,106, which represents 3.9 days of operating expenses excluding depreciation.

The accounts payable balance for March was $297,606, which represents 48 days of operating expenses excluding costs related to salaries, benefits and depreciation.

The convalescent home salaries and wages for March totaled $135,816, which was an increase of $2,449 compared to the prior month. Net operating inco...



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