Russell County Hospital reported increased patient volumes and net income of $732,000 for September.
Director of Finance Nequila Norris presented the financial report during Tuesday afternoon’s regular monthly meeting of the hospital’s Board of Directors.
The hospital’s average daily patient census was 7.4, while emergency room visits averaged just over 38 per day. Acute inpatient, outpatient and swing patient volumes all increased compared with August.
Norris reported operating income of $709,000, supplemented by $23,000 in tax revenue, bringing net income to $732,000.
The hospital also received $1.9 million through HRIP, a Medicaid reimbursement program.
Cash increased by approximately $1.9 million, with an ending cash balance of $29,000,000. The hospital reported 240 days of cash on hand, a measure of how long it could cover operating expenses using available cash.
Accounts receivable days stood at 36.2, meaning the hospital takes an average of just over 36 days to collect payment.