MASSENA After running in the red for several months, Massena Memorial Hospital posted a financial gain in July, according to Michael J. Tortoriello, the hospitals director of accounting and finance.
Mr. Tortoriello, who had served as acting chief financial officer until the recent hiring of Jim Smith, said the hospital posted a gain of $74,257 in July compared with a July 2012 gain of $38,553, an increase of 92.61 percent.
To date, from January to July, the hospital remains $1.92 million in the red. It was $1.6 million in the red during the same period last year. In June, the hospital had a net loss of $495,124 for the month and was down a bit more than $2 million for the year.
The hospital had budgeted 218 inpatient discharges in July, and ended the month with 227. It had 225 inpatient discharges in July 2012.
Total outpatient registrations for July were 10,774, up 1.01 percent from the 10,666 that had been budgeted and up by 4.5 percent from the 10,310 it had in July 2012.
Net patient revenue for July also was lower than budgeted at $3,719,204. The hospital budgeted $3,953,381. The numbers, however, were higher than July 2012, when the hospital recorded $3,470,849 in net patient revenue.
Other operating revenue was higher than budgeted, with $250,835 of revenue versus the budgeted $235,143.
Net patient revenue was budgeted for $4.2 million in June, but fell short at $3.6 million, or 13.84 percent below budget. It was $3.4 million in June 2012.
CEO Charles F. Fahd II said in June that there were a number of reasons for the decline in numbers, including fewer emergency room visits and an inability to schedule patients for one of the newer clinics while the hospital awaits approval from the state Department of Health.
There also has been a decline in the North Country Veterans Clinic use because of a lack of providers at the facility, Mr. Fahd said.
The patients are there. We just need providers to see them, he told hospital board members in June.