November financials at Winneshiek Medical Center (WMC) show a positive trend.
That’s according to WMC Chief Financial Officer Lynn Luloff, who told the WMC Board of Trustees Wednesday the Medical Center saw an improvement in utilization in November.
“We saw our strongest revenue for surgery so far this fiscal year,” said Luloff.
Luloff said November’s financial results showed continued financial improvement for the fiscal year with strong revenues and lower monthly operating expenses, resulting in a profit of $343,520 for the month.
November’s profit brings the overall profit to $81,542 for the fiscal year, which started January 1.
“Last year we were at a loss of $725,000 at this time,” said Luloff.
Luloff explained net operating revenue for November was $5.3 million, which was ahead of projections and 4.7 percent above last year at this time. November’s total operating expenses, although 1.3 percent above last year, are still lower than expected.
In a related matter, the Board approved a capital expenditure of $39,973 to replace a compressor for one of the Medical Center’s chillers, which has been out of commission since the end of last summer.
“This replacement will repair this unit so it will be fully functional again for the next cooling season,” said Luloff.

Budget hearing
The Board will hold its public budget hearing Wednesday, March 5, at 4:30 p.m. in conference room B-3.
Following the budget hearing, the Board is expected to approve its fiscal year 2020 capital and operating budgets at its regular meeting.