Early 2015 numbers project hospital cash increase
Preliminary hospital budget figures show the hospital anticipates a five percent revenue increase in the next fiscal year.
Operating revenues are projected to increase five percent, while operating expenses will increase by about four percent, according to figures presented to the hospital board June 11 by CFO Dana Strong.
That slight increase in profitability means the hospital will post a 13 percent increase in cash flow over the annualized 2014 numbers, budget figures provided at the meeting show. That would represent the third-largest cash-flow increase since 2008-09, when the hospital...