by Brianne Eilers
The month of April ended on a positive financial note for Veterans Memorial Hospital (VMH) in Waukon with a net income of $66,864. According to patient census numbers for the month, acute patient days were down 13.8% and skilled days were up 8.4%. Deliveries were also up over last year by 3.6%, and Administrator Mike Myers noted that VMH had a very strong year in the delivery department last year. Surgeries were strong in April, but not quite as good as they were year-to-date at this time last year. Outpatient services were all increased and strong, with outpatient revenue being up 6.9%, while inpatient revenue was down 3.9%.
“April was a pretty good month,” Myers noted, adding that May is not looking very strong financially. The number of days in accounts receivable is at 85.1, compared to 91.9 last year at this time. Cash reserves are down to $1.7 million, as the hospital used some of those funds to purchase new equipment.