Hutcheson Medical Center officials announced Tuesday that the hospital’s monthly operating profit was $421,848 for April - far ahead of the budgeted loss of $223,368.
According to hospital officials, this month’s results mark a $2,341,680 improvement over the hospital’s operating loss in April 2012.
Fiscal year to date, the hospital is $757,227 in the black and is $9,767,503 ahead compared to this time last year.
Factors contributing to April’s gain include a 40 percent increase in hospitalized patients and a 62 percent rise in surgeries versus last year.
“We have proven Hutcheson can be operationally profitable,” stated President and CEO Roger Forgey. “However, the old debt still must be addressed for Hutcheson to succeed long term.”
The April financial results were announced at a Board of Directors’ Budget and Finance Committee meeting.