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PHILADELPHIA, Miss. (AP) — A new audit shows Neshoba County General Hospital and Nursing Home earned a profit of $5 million during its 2013 fiscal year.
The Neshoba Democrat reported (http://bit.ly/Xphc4t) it was the third consecutive year that revenue exceeded expenses and the facility's financial situation improved.
The hospital and nursing home recorded a profit of almost $3.5 million in fiscal 2012 after a $213,575 profit the previous year.
In fiscal 2010, the facility booked a $1.9 million loss.
Hospital administrator Lee McCall said the audit was good news.
McCall said the county-owned hospital gained revenue from the nursing home. And he says the hospital handled an increased number of patients during the first year in its new facility.
And he said the hospital handled an increased number of patients during the first year in its new facility.
Business at its clinics also rose and the number of residents at the nursing home increase, McCall said.
Charity care expenses also dropped during 2013, from $557,979 in 2012 to $498,553.
Hospital officials hope to soon begin renovation of the second floor of the old hospital to make way for new patient rooms.
The 2010 deficit was the first the hospital has seen since 1996 when it had a shortfall of about $208,000.
On June 30, 2010, the hospital Board of Trustees terminated its management agreement with Quorum Health Resources Inc. The firm company was paid $220,605 annually for management services and $318,171 for key employee compensation.
Quorum had managed the facility since March 1993.
After the agreement was terminated, Thomas Bland, longtime administrator of Montfort Jones Memorial Hospital in Kosciusko, was appointed interim chief executive officer. After additional management changes, McCall became administrator earlier this year.
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Information from: Neshoba Democrat, http://www.neshobademocrat.com
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