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By Dan Rudy 

Hospital cash flow prompts request for help from city

 

October 26, 2017



Cash flow problems have again been ailing Wrangell Medical Center, with the public hospital putting forward a request for $250,000 to the city on Tuesday.

At its own board meeting on October 18, WMC’s chief financial officer, Doran Hammett, explained the situation. Cash on hand had by the end of September dropped to $311,069, down from $838,604 at the start of the fiscal year on July 1. It costs around $28,000 a day to operate the hospital, meaning WMC had only around 11 days’ worth available for its payroll and other expenditures.

The hospital is a public asset, though its finances hav...



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