Hospital Finances Tight Three-Fourths Of Way Into Fiscal Year
Stephens County Hospital is watching the bottom line closely through some tight financial times.
During the Hospital Authority’s regularly monthly meeting last week, hospital officials reported that the hospital encountered another tough month from a revenue perspective in June.
According to Stephens County Hospital Administrator Ed Gambrell, the hospital is experiencing a rough year to this point ¾ of the way through its fiscal year, which runs from October 1 to September 30.
Gambrell said that from a budget perspective, the hospital is under budget on expenses to this point in the fiscal year, but is also under budget on revenues.
He explained that while the year started off strong, revenues have dropped off over recent months.
“Our hospital patient volume is down,” said Gambrell. “(We) do not totally know why, but it is just down. We have checked with other hospitals, and not all, but many of them slower than usual as well. We are controlling expenses best we can.”
Gambrell went on to say that those patient volume numbers can ebb and flow over time.
He noted that the hospital’s census was down in June, but then picked back up in early July.