Alva Review-Courier -

Share Convalescent Home is profitable

 


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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