Hospital stays in the black

Decatur Daily Democrat:

The financial picture for the Adams Health Network (AHN) continued in the black for the first half of 2011 with a slight profit shown in June.

Chief Financial Officer Dane Wheeler told the AHN board of trustees at its recent meeting that the hospital showed a $37,235 profit in June, boosting the margin in the black to $341,848 for the first six months of the year. That figure was less than what hospital officials had expected when the 2011 budget was adopted, but still is significantly better than 2010 when AHN was $113,766 in the red for the first six months.

After contractual obligations and discounts were figured in, AHN had net patient revenues of $24,575,942 for the first six months of the year, almost identical to the figure the hospital had budgeted ($24,575,813). The 2011 revenue figure is nearly $700,000 higher that the 2010 amount for a similar period.