WMC in good shape despite $184K loss
February wasn’t exactly the best month financially Wrangell Medical Center has seen, with the hospital showing a net loss of $184,124.
According to WMC Chief Financial Officer Garth Hamblin, even though the hospital came in under budget for capital outlays, a downturn in revenue was to blame for the deficit.
“For the month of February, total revenue charges was significantly under budget,” Hamblin wrote in his report to the WMC Board of Trustees during the group’s April 17 meeting.
“Net revenue was nearly $270,000 below budget,” Hamblin added. “Total expenses were 10 percent u...