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Hospital ends 2013 on positive financial note

January 22, 2014

    What a difference a year makes.
    Nearly $2.5 million dollars to exact.
    At the initial meeting of the new year for the Adams Health Network Board of Trustees, members learned a significant financial turnaround occurred in 2013 with a year ending positive balance of $573,234 — compared to a $1,922,567 deficit in 2012.
    Chief Financial Officer Dane Wheeler reported some of the 2012 deficit was simply a “paper number” as numerous old accounts the hospital had no chance of collecting were written off. The hospital was socked with a substantial “hospital tax,” courtesy of the state legislature.
    For the complete story, see today's print or online editions.

 

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