PMC net operating revenue exceeds expectations
November 28, 2019
The Petersburg Medical Center saw a 26 percent increase in net operating revenue for the month of October, reported Controller Rocio Tereja at a board of directors meeting last week.
PMC expected a net operating revenue of $1,391,250 for October, but instead the net operating revenue was $363,780 higher for a total of $1,755,030. Total operating expenses were at $1,545,742, over the $1,391,250 that was
budgeted. Despite coming in over budget, the total operating expenses were lower than the net operating revenue.
"This has been a very good month financially for the medical center," said T...