PMC up in net operating revenue, down in days cash-on-hand
May 9, 2019
Petersburg Medical Center Controller Rocio Tejera delivered her first financial report to the board of directors on April 25 explaining the hospital's financial standing during the month of March and the fiscal year-to-date.
PMC's gross operating revenue was just about on target for March, but the net operating revenue was $1,362,274, which was five percent over the $1,292,686 target for the month. Both the gross and operating revenues from the beginning of the fiscal year on July 1, 2018 through March 31, 2019 are ahead of the PMC's goal by three percent.
"I would like to point out that t...