Hutcheson Comes Close To Breaking Even For The Fiscal Year
Monday, October 28, 2013
Hutcheson Medical Center announced September financial results at today’s Board of Directors’ Budget and Finance Committee meeting, including an operating loss for September of $109,009.
5px;">For Fiscal Year 2013, Hutcheson posted an $8,410,883 positive improvement over the previous fiscal year’s loss of $9,713,211.
“We were budgeted to receive meaningful use reimbursement funds for implementing our electronic medical records system,” said Roger Forgey, president and CEO of Hutcheson Medical Center.
“While we expect to receive these funds in early November, had we received them as scheduled, Hutcheson would have broken even for the year. Overall, we are very pleased with our 2013 financial results and especially our over $14 million improvement in the last two years.”