by Brianne Eilers
The Veterans Memorial Hospital (VMH) Board of Trustees met in December for it monthly meeting as well as its yearly joint meeting with the medical staff. The month of November ended on a positive financial note at Veterans Memorial Hospital, with a profit of $5,183. While it may not be a huge profit, VMH Administrator Michael Coyle pointed out that it is significantly better than the loss in November 2019 of $31,483 for the month.
Year-to-date, the hospital is showing a positive bottom line of $35,633. At this time in November 2019, VMH was looking at a loss of $427,730. “That’s a nice little turn around,” Coyle said, adding that the difference between where they were at, year-to-date, from November 2019 compared to November 2020, is a positive $463,363. Coyle also noted that they had budgeted a profit margin of $22,800 for the year and currently they are $12,833 positive to budget.