Winneshiek Medical Center reports operating loss for November
Posted: Wed, Jan 8, 2020 5:53 PM
Winneshiek Medical Center says its operating expenses decreased by $483,000 in November, compared to operating expenses for October. Unfortunately, net revenues for November decreased by twice that amount, or $990,000.
That means the medical center lost money in November. It showed an operating loss of $370,675 for November. Even when non-operating revenues of $100,000 are added in, WMC still lost $270,198.
After five months have passed in the medical center's 2019-2020 fiscal year, WMC shows an operating loss of $681,993 and a net loss of $193,241, thanks to $488,752 in non-operating revenues.