“Re-admission’s is a big issue right now,” Terrell said.
Hopkins reported that net operating income for August showed a loss of $1 million. Non-operating income was positive at $1.2 million, so combined Excess revenue over expenses was $200,000 for the month, $1 million behind August budget.
For the year-to-date period encompassing July-August, Net Operating Income showed a loss of $1.1 million and was $2.3 million below budget. Non-Operating Income was positive at $1.3 million and was $562 thousand above budget.
This upward trend in non-operating income was a welcom change over previous unrealized losses. Most of non-operating income results from investments.
Combined, operating and non-operating income show excess revenue over expenses for the YTD period of $223,000 which is $1.7 million below budget predictions, according to Hopkins’ monthly report to the hospital authority board.