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Winneshiek Medical Center was in the red in February

Posted: Thu, Apr 5, 2018 8:16 AM

Winneshiek Medical Center is reporting an operating loss of $189,981 for February. 

WMC officials say there was a net loss of $133,074 for February after applying non-operating revenues of $56,907.

Year-to-date after 8 months of the fiscal year, Winneshiek Medical Center's net revenues of $40.0 million are favorable to budget and have increased 2.3 percent over last year at this time.  However, higher costs--especially of pharmaceuticals--remain a concern.  Operating expenses year-to-date are $41.3 million.