Wabash General Hospital posted one of the strongest financial months in its history, according to the June financial report presented Monday evening to the hospital's Board of Directors.
Finance Committee Chair Janet Storey reported the hospital generated $1,122,492 in operating income during June. Including non-operating revenue, total income for the month reached $1,343,302.
Storey said the hospital's year-to-date income now stands at $4,993,738. She also reported positive cash flow and said most financial indicators have improved compared to the same period last year.
While accounts receivable days increased to 51 days, Storey explained the change is tied to the timing of some receivables rather than collection issues. She said the hospital continues to collect its payments and remains below its 55-day benchmark.
Storey described June as "a super month," saying the hospital had an outstanding financial performance.
Chief Financial Officer Lynn Leek reported June was the second-highest revenue month in Wabash General Hospital's history, trailing only March.
Board member Rob Coleman reflected on the hospital's growth over the years, noting that when he first joined the board the hospital employed about 165 people. Today, he said, the workforce has grown to approximately 695 employees, including part-time staff and students, calling the growth over the past three decades "unbelievable."