Hospital cash at 20-day mark; architect to be sought
December 28, 2017
Wrangell Medical Center passed its annual financial audit without complaint, though its cash flow situation is still not in the best of health.
Financial officer Doran Hammett ran down the numbers for members of the hospital’s governing board during their monthly meeting December 20. Revenues for the past five months still are lagging behind expectation, around eight percent below budget. Expenses have also been lower than expected, by about six percent, but the hospital is nonetheless running at around a $224,460 loss for the 2018 fiscal year.
The year began on July 1 with just over $838...