Local Hospital Sees Increase in Cash

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Russell County Hospital saw an increase in cash from the
previous month of $196,637, leaving a month end cash balance of just over $7.1
million. The facility’s day’s cash on hand is now at 100. For the month of
July, the outpatient areas of surgery with 99, mammography with 60, CT scans
with 376 and ultrasounds with 186 exceeded their budgeted volumes. According to
hospital CFO Janie Landis, the facility’s net operating income had a
“pleasant sight” of $7,105 and a net income of $16,205 with tax
revenue. Landis presented these figures the hospital’s board of directors
during their August monthly meeting late last week.