News Column

Outpatient activity boosts hospital revenues in April

May 27, 2014

By Sue Sterling, The Daily Star-Journal, Warrensburg, Mo.

May 27--WARRENSBURG -- Western Missouri Medical Center recorded an operating profit of $61,225 in April, due to increased outpatient activity, a monthly financial report prepared by Chief Financial Officer Terri Bradley stated.

Bradley reported inpatient revenue of $522,226 fell below budget, but outpatient revenue came in $967,160 over budget, bringing total patient revenue to $444,935 over budget, or a gain of 3 percent.

After deductions for contractual adjustments, bad debt and charity expenses, operating revenue totaled $5,832,290, or 2 percent over budget.

CEO/President Susan Stiles said the $5.8 million is close to last year's number, when the hospital reported $5,909,357 in patient revenue.

Operating expenses of $5,771,065 for the month topped the budget due to employee benefits and supply costs, Stiles said, adding staff is investigating why supply costs climbed to $115,457 over budget.

She said the hospital recorded a $58,846 operating loss in April 2013.

After non-operating revenue and depreciation, the hospital recorded a loss of $24,700 for the month, or a negative 0.42 percent margin compared to a $151,500 loss in April 2013, for a negative 2.53 margin.

For the year to date, the hospital's operating loss totals $85,800, or a negative 0.39 percent margin, compared to a $528,000 loss in April 2013, or a negative 2.27 margin.

Stiles said operating expenses for the year are under budget and under last year's costs.

Total loss is $398,000 for the year, for a negative 1.8 margin, compared to a loss of $902,000, or a negative 3.88 margin in 2013.

Board member Larry Purcell said officials expected the margin "to be almost zero" at this time due to depreciation on the patient tower.

He said the projection did not take into account the construction of the medical office building.


(c)2014 The Daily Star-Journal (Warrensburg, Mo.)

Visit The Daily Star-Journal (Warrensburg, Mo.) at

Distributed by MCT Information Services

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Daily Star-Journal (Warrensburg, MO)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters