Share Convalescent Home is profitable
June 21, 2018
The May report for Share Convalescent Home showed gross days of 57.9 compared to 56 for April. Gross patient revenue for the month totaled $342,450, which was a $22,183 decrease from the previous month.
The accounts payable balance for May stood at $320,205, which represents 56.9 days of operating expenses excluding costs related to salaries, benefits and depreciation. Convalescent home salaries and wages for May totaled $125,881, which was a decrease of $11,524 compared to the prior month.
Net income for May was $8,770, compared to $25,568 in April and $73,415 in March.
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