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‘Good month, good year’ – Red hospital forecast becomes solid black

April 25, 2013

    When members of the Adams Health Network (AHN) Board of Trustees adopted the hospital budget for 2013, they anticipated they might be as much as over $200,000 in the red at the end of the first quarter.
    The news the trustees received from Chief Financial Officer Dane Wheeler Wednesday night at their monthly meeting was a pleasant surprise because the hospital is nowhere near that figure; in fact, it is $845,142 in the black!
    That figure included a plus figure of $82,894 for the month of March when, Wheeler said, a pattern continued that had started earlier this year: Reduced revenue but also marked cuts in expenses at the hospital.
    Further details in today's print and e-editions.

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