CMC finance report mixed for January

Although more “cash flush” than they were a year ago, Coulee Medical Center posted just over a quarter million dollar loss in January on net patient revenue of$2.98 million, which was $144,000 less than budgeted, Chief Financial Officer Kelly Hughes reported March 20.

December 2022 had seen a gain of nearly $736,000.

Salaries in January were over budget by $96,000, but that had been estimated last August, before they knew they’d be implementing a larger wage increase to meet market conditions. And the “temporary manpower” line item was still up about $100,000 more for the month than budgeted.

On the balance sheet, cash and short-term investments stood at over $6.3 million, about $2.5 million more than in January 2022.

Hughes told the hospital commissioners the February income numbers, however, were over budget by about half a million dollars.