PMC up in net operating revenue half way through fiscal year
January 31, 2019
Petersburg Medical Center CFO Doran Hammett gave his financial report at Thursday’s board meeting detailing the hospital’s financial standing as of the month of December.
PMC’s net operating revenue was down for the month of December, but continues to be above the year-to-date budget. Total operating expenses were ahead of budget both for the month and year-to-date. The hospital's accounts receivable, or money owed to the hospital for services rendered, is up approximately $1 million from the prior year. Meanwhile, the PMC’s operating cash-on-hand increased by six days from November...