No Covid-related expenses at Share Convalescent in April
May 30, 2021
Share Convalescent Home had no Covid-19 related expenses in April. The operating cash balance for April was $373,956 representing 36.2 days of operating expenses, excluding depreciation. Presenting the financial report to Alva Hospital Authority trustees Tuesday, Assistant CFO Steve Knox said having cash to cover that many days is “excellent.”
The convalescent home accounts receivable balance for April was $771,887, a decrease of $81,015 during the month of April. Knox said that balance continues to go down.
Gross patient revenue for the month totaled $289,656 which was a $71,280 decre...