PMC up in total cash at end of fiscal year
August 1, 2019
Last week, Petersburg Medical Center Controller Rocio Tereja presented the board of directors with a review of the hospitals financial standing at the end of the 2019 fiscal year that ended on June 30.
PMC was ahead in operating revenue and total operating expenses by five and seven percent respectively, and has seven more days of operating cash on hand than at the start of the 2019 fiscal year. Additionally, PMC's total cash increased to $8,047,677 from $6,992,066 since the start of the year.
PMC's net operating revenue for the 2019 fiscal year was $16,238,291. The hospital had originally...