Wrangell Medical Center’s cash reserves are looking healthy again, after receipt of a substantial Medicare repayment last month.
The hospital had been underpaid by the federal health insurer by about $488,000 the previous fiscal year, and the adjustment was received along with a scheduled $210,000 payment by January 20. The influx benefitted the hospital’s reserve accounts, with cash-on-hand just topping the $1,000,000 mark by the month’s end. Previously, at the year’s end it had $577,000 on hand, equivalent to 19.6 days of operating expenses.
WMC has spent the past several years trying to eve...
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