Health network staying in black

Decatur Daily Democrat:

The financial portrait for the Adams Health Network presented to AHN trustees Wednesday night continues to show a positive bottom line despite the fact that admissions were down nearly six percent from the previous month.

AHN Executive Director Marvin L. Baird and Chief Financial Officer Dane Wheeler reported that statistics for the first four months of 2011 show AHN with $285,352 in the black, compared to $386,003 at this point last year. Total operating revenue and total operating expenses for that time frame were nearly identical to those of 2010, but interest income and rental income were down.

Revenue received this year is $16,618,392 as compared to $16,463,064 last year while expenses are $16,719,797 compared to $16,725,350. Baird and Wheeler continue to note as they have in previous months that a new budgeting process has helped the hospital lower expenses.