Petersburg Medical Center strategic plan monitors financial strength
March 2, 2017
Oversight and communication by the Chief Financial Officer are a key component of PMC's strategic plan to achieve a break-even operation.
The CFO is charged to balance quarterly spending with revenue and reimbursement in each department and control unnecessary waste at PMC.
Doran Hammet, CFO, regularly communicates PMC's financial position to employees, physicians, management and the board. He does this at monthly meetings of the hospital board.
He assures that pricing is competitive and he maintains a goal of 75 days accounts receivable and a minimum of 90 days cash on hand. At the Januar...