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Coulee Medical Center ER and Walk-In Care

Hospital may not break even this year

 


Coulee Medical Center officials were hoping to break even for 2015, but probably won’t make it, Chief Financial Officer Paul Babcock told Hospital District 6 commissioners Monday night.

CMC and its clinics lost nearly $125,000 in October, about 7 percent of its net operating revenue of almost $1.8 million. The low month brings CMC’s year-to-date losses to about $418,975, which compares favorably to a loss of more than $2.5 million for the same time frame a year ago.

Even a good November and December are unlikely to be good enough for a break-even year, Babcock said.

He added that emergency room visits were down, but clinic visits were up.

Some of the loss could be called growing pains. After adding a new surgeon, the hospital has added equipment and spent money on supplies needed for more types of surgery offered.

Total patient revenue for the year, before deducting for insurance discounts, was $28.6 million, up from $27.8 million last year through October.

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