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More good financial news for Winneshiek Medical Center

Posted: Thu, Jan 7, 2021 12:01 PM

Winneshiek Medical Center continues to report positive financial results as it recovers from the initial effects of the COVID-19 epidemic. The medical center is reporting net revenues and operating expenses for November which are similar to October's positive figures.

November's net patient revenue of $6.3 million was $493,428 higher than budgeted. Year-to-date since July 1st, net revenues of $29.9 million are almost at budget. November's operating expenses were higher than October's, but year-to-date operating expenses remain $1.2 million less than budgeted.

After five months of WMC's fiscal year, it is reporting an operating gain of $1,525,681. When non-operating revenues of $555,130 are added, the hospital is reporting a net gain of just over two million dollars.

Also at its meeting Wednesday, the Winneshiek Medical Center Board of Trustees approved a request of $150,618 for a mobile x-ray system of the Radiology Department. The new system will allow Winneshiek Medical Center to station a mobile unit at its north building, where respiratory patients and potential COVID-19 patients come for appointments. The purchase of the new equipment will therefore limit other patients' exposure to patients who may have COVID-19.