PMC up in net operating revenue, down in cash on hand
December 27, 2018
Petersburg Medical Center CFO Doran Hammett gave his financial report for the month of November on Thursday to the hospital’s board of directors that showed the hospital’s net operating revenue for the month was above what was budgeted but a decrease in operating cash on hand.
“We had a consistently good year so far,” said Hammett. “The volumes have continued to be up. Revenue is up.”
For November, PMC’s net operating revenue was set at $1,243,250, but the hospital brought in $1,382,848 in operating revenue. Hammett credits the $139,598 increase to an influx in the volume of...