For the second quarter in a row, Winneshiek Medical Center is reporting positive operating gains.

March concluded the Medical Center's third quarter with a profit of $104,713.

According to Lynn Luloff, WMC chief financial officer, total patient revenue (before any contractual allowances) was $6.5 million. Inpatient revenues were above projections, due to better-than-expected numbers of acute and skilled patient days.

While year-to-date revenues are 1.3 percent below projected, expenses are under budget as well. Net gain at the end of the third quarter is more than $1.5 million.

Luloff said areas of growth this year include acute, skilled and nursery patient days, which are all above budget and last year's figures at this time. Other areas of growth include Hospice and home health and rehab. Surgery and imaging services are down from last year.

Luloff said "all key financial ratios are stronger when compared to the end of last fiscal year.

She highlighted days of cash on hand as one of those areas at a high of 61 days.

One of the key factors affecting these figures is the number of days in account receivables, which has decreased from 64.99 days to 62.26.

At Wednesday's meeting of the WMC Board of Trustees, the Board approved two capital requests.

The first was a washer decontamination unit for surgery, in the amount of $65,816. The second item was an expenditure in the amount of $29,607 for the purpose of renovating the surgery unit.

Another $69,007 will be spent on equipment to accommodate Dr. Randall Bremner, a new gynecological surgeon at the Medical Center.

WMC Chief Adminstrative Officer Gretchen Dahlen explained while the approved items weren't specifically outlined in this year's budget, they will be paid for through a savings from forgoing other budgeted purchases in the amount of $152,000.



For the second quarter in a row, Winneshiek Medical Center is reporting positive operating gains.

March concluded the Medical Center's third quarter with a profit of $104,713.

According to Lynn Luloff, WMC chief financial officer, total patient revenue (before any contractual allowances) was $6.5 million. Inpatient revenues were above projections, due to better-than-expected numbers of acute and skilled patient days.

While year-to-date revenues are 1.3 percent below projected, expenses are under budget as well. Net gain at the end of the third quarter is more than $1.5 million.

Luloff said areas of growth this year include acute, skilled and nursery patient days, which are all above budget and last year's figures at this time. Other areas of growth include Hospice and home health and rehab. Surgery and imaging services are down from last year.

Luloff said "all key financial ratios are stronger when compared to the end of last fiscal year.

She highlighted days of cash on hand as one of those areas at a high of 61 days.

One of the key factors affecting these figures is the number of days in account receivables, which has decreased from 64.99 days to 62.26.

At Wednesday's meeting of the WMC Board of Trustees, the Board approved two capital requests.

The first was a washer decontamination unit for surgery, in the amount of $65,816. The second item was an expenditure in the amount of $29,607 for the purpose of renovating the surgery unit.

Another $69,007 will be spent on equipment to accommodate Dr. Randall Bremner, a new gynecological surgeon at the Medical Center.

WMC Chief Adminstrative Officer Gretchen Dahlen explained while the approved items weren't specifically outlined in this year's budget, they will be paid for through a savings from forgoing other budgeted purchases in the amount of $152,000.