At last Thursday’s MCDH Board of Directors meeting, the Financial report for the month of December 2010 and the first 6 months of fiscal year 2010-2011 was announced to the Board and the public. For the month of December, we reported a positive net revenue from operations of $217,687 and a positive net income from all sources of $305,926. This is the highest single month for positive net revenue since June of 2009 and the highest month for positive net income since May of 2009. These results are due to high volume for inpatient, outpatient and surgical services at MCDH for the month of December. Although our inpatient census tracked very close to budget for the month, we had a higher percentage of acute and critical care patient days this month and a lower percentage of swing days, which resulted in high inpatient gross revenue. It also helped that other revenue categories in outpatient, North Coast Family Health Center and Home Health all exceeded our budget as well this month. It was good to see our outpatient services (those provided by our laboratory, diagnostic imaging, physical therapy, etc) grow this month.
Just as important, as high revenues was the fact that our management team and staff managed to stay within budget on the expense side too. For the month of December, we were within $3,000 of our budget target on a nearly $4,000,000 expense budget. That is outstanding expense control. In fact, our staff has kept expenses in check for the first 6 months of fiscal year 2010-2011 and as a result MCDH has a bottom line positive net income of $311,671 for those 6 months. That puts us $220,000 ahead of budget so far this year.
Although this is a very encouraging start for the current fiscal year, we all understand that this is a difficult economic environment that we are all living in. We cannot count on this type of performance every month. It is important for us at MCDH that we continue to do the things that grow our revenues, which includes offering the services that our community needs and by doing our very best to provide high quality services in a warm, welcoming environment that helps to make our patients and our guests feel comfortable and happy that they chose Mendocino Coast District Hospital. It is also important that we continue to exercise expense control and to provide our services efficiently while not sacrificing quality or access. I would like to thank our friends and supporters on the Mendocino Coast who are continuing to support us and to help us to continue to impove.
