By Nick Nunn Staff Writer
The Morgan Memorial Hospital Authority (MMHA) stated during the Nov. 21 meeting that the Morgan Memorial Hospital (MMH) gained a net income of more than $189,000 during the month of October.
“It’s good to be back in the black,” said MMHA Member Paul Courchaine. Kyle Wilkinson, MMH Chief Financial Officer, stated that “everything is positive compared to budget.”
The hospital’s positive net income exceeded the budget by almost $200,000 dollars; a loss of more than $8,000 was budgeted for October 2013. October’s net income gains also exceed those collected in October 2012 by almost $146,000.
Wilkinson cited the increases in inpatient and swingbed services as the reasons for the $353,000-plus increase in gross patient revenue from September.
He also acknowledged that supply costs were up more than $40,000 since September but said that the increase in patient numbers creates an increase in supplies necessary for treating patients.
Wilkinson said that the hospital’s increase in the daily census from September’s 15.4 to October’s 19.9 “tells you everything you need to know.” As of the Nov. 21 meeting, November’s daily census was 19.4, suggesting that there should be a positive net income during November as well.
“We’d love to be around 19.5,” said Wilkinson. Megan Morris, director of development and community relations at MMH noted that the approaching holidays signal “the season for giving.”
The Morgan Memorial Hospital Auxiliary will hold the 2013 Love Light Celebration on Dec. 5 at 5:30 at Heritage Hall and that approximately $5,800 had been raised so far by the event. Morris said that the Morgan Memorial Healthcare Foundation’s campaign to raise funds for the remodeling of MMH’s 25 private rooms is also underway.