by Brianne Eilers
The month of March ended with a financial loss of $41,638 for Veterans Memorial Hospital (VMH) in Waukon, with a decrease in acute patient days and a decrease in surgeries both playing a large factor in the loss. Looking at year-to-date statistics, VMH is at a $64,105 loss.
“We had a very strong outpatient month,” VMH administrator Mike Myers noted, indicating that outpatient revenue came in about $300,000 over budget for March. Myers also noted that for the month of April, the hospital has been “extremely busy” with deliveries the past couple of weeks and he anticipated that statistics will show the hospital “slightly ahead” of its deliveries last year at this time.
The number of days in accounts receivable for the hospital is at 78.9, an improvement over this time last year when that figure was at 86.6. Currently, VMH has $2,158,000 in cash reserves.