Share Medical, Convalescent Home show net profit
March 28, 2021
Chief Financial Officer Chris Lauderdale told the Alva Hospital Authority (AHA) Tuesday that financial statements are finally up to date with both January and February finished. At the end of December, Share Medical Center had a cash balance of $251,558 representing 7.1 days of operating expenses, excluding depreciation.
Hospital accounts receivable balance was $5,810,636, a decrease of $287,226 during the month of February. Lauderdale said the decrease is a result of TruBridge getting statements sent out. Accounts payable balance for February was $266,172 representing 20 day of operating e...