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Hospital’s financial outlook gets boost

September 26, 2013

    The Adams Health Network board of trustees, meeting Wednesday night in Monroeville's Adams Heritage Nursing Home, noted the hospital’s financial picture improved in the month of August to the point the facility is now $145,531 in the black for the year-to-date after being $35,807 in the red at the end of July. As of the end of August, the hospital showed total operating revenue of $26,925,038 and non-operating revenue of $888,242 for a total of $27,813,280. Expenses for the year (nearly $1.5 million less than what had been budgeted for) have been $27,667,749.
    Departmental statistics provided show that outpatient registrations at the hospital continue to soar. July stats were 2,778 more than those recorded in 2012 (7,966 vs. 5,188) while in August, visits were even greater with 8,667 registrations (versus 5,926 in August of 2012 — 2,741 more in 2013).
    For the complete story, see today's print or online editions.

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