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Some good news on Winneshiek Medical finances

Posted: Thu, Oct 4, 2018 4:58 PM

Winneshiek Medical Center is getting a little bit of good financial news.

After reporting a net loss of $2,747,954 for the 2017-2018 fiscal year and a net loss in July, hospital officials were able to disclose some good news for August financial figures.  The medical center reported a net gain of $225,001 in August.

The improvement was helped greatly by a 14% increase in patient net revenues in August compared to July.  That helped produce an operating gain of $172,126 before non-operating revenues of $52,875 were added.

However, after two months of the hospital's fiscal year, it still has an operating loss of $238,964 and a net loss of $132,713.