PMC's momentum continues one month into fiscal year
August 30, 2018
Petersburg Medical Center's first month into the 2019 fiscal year saw a 6 percent increase in net revenue, but a decrease in days cash on hand.
"The month of July was a decently good month," said CFO Doran Hammett.
The budget for the net operating revenue was set at $1,221,250 for the month, but the hospital came in at $1,299,357, which is a 6 percent increase. The increase in the net operating revenue is attributed to the amount of money brought in by inpatient care, said Hammett. The operating revenue is the total amount of income generated by the hospital for its services.
At the end of...