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March to be strongest revenue month for Medical Center

 

March 30, 2017



Chief Financial Officer Doran Hammett predicts March will be one of the strongest revenue months for Petersburg Medical Center. The prediction is based on all Long Term Care beds being filled and patient census numbers in February.

Hammett added that March revenue could exceed March income for the past two years.

“Cash is strong,” according to Hammett and PMC is showing a $500,000 positive cash flow as of Feb. 28 with 93.3 days of cash on hand. Cash on hand reflects the length of time the hospital can pay for operating expenses using only its available cash.

Cash on hand was $3,364,790...



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