PMC brings in $20 million this year
August 6, 2020
Petersburg Medical Center ended its 2020 fiscal year with a gross operating revenue of $20,325,510, which is one percent over what the hospital had anticipated at the start of the fiscal year, according to PMC Controller Rocio Tejera at the PMC Board of Directors meeting on July 30.
When deductions from revenue adjustments and allowances are made to the gross revenue, PMC still has a net operating revenue of $17,072,677 for the fiscal year. That number was two percent higher than what PMC had originally budgeted.
Total operating expenses also came in over budget for the 2020 fiscal year,...