Northern New York Newspapers
Watertown
Ogdensburg
Massena-Potsdam
Lowville
Carthage
Malone
NNY Business
NNY Living
NNY Ads
Fri., Nov. 28
SUBSCRIBE
Serving the communities of Massena and Potsdam, New York
Related Stories

Massena Memorial Hospital financials improve over 2013, but numbers still down

PREV
NEXT
ARTICLE OPTIONS
A A
print this article
e-mail this article

MASSENA - A year ago Massena Memorial Hospital was looking at a three-month loss from January to March of $996,932.

This year they’re faring better - but not by much, according to hospital officials.

Chief Financial Officer James L. Smith told the hospital’s board of managers Monday night that, from January to March of this year, they’re looking at a loss of $840,839.

“It’s about $156,000 better than 2013, but not a glowing financial result for three months,” he said.

Mr. Smith said that for March alone, they took a loss of $452,658. They had a net gain of $47,099 in March 2013.

It wasn’t a good month for us,” said Gary Borgosz, a member of the hospital’s Finance Committee.

The hospital fell short on their budgeted total inpatient discharges (210 versus 214 budgeted) and observation visits (74 versus 84 budgeted). Total outpatient registrations were also lower than budgeted, 11,060 versus 12,117 budgeted, according to Mr. Smith.

“That’s down quite a bit from budget,” he said.

Under outpatient registrations for March, they had 1,225 emergency room visits, 203 ambulatory surgical unit visits, 2,607 hospital-based clinic visits, 594 renal dialysis center visits, 587 Kids Korner Pediatric Clinic visits, 701 Veteran’s Clinic visits and 5,143 other outpatient visits.

A year ago they had 224 total inpatient discharges, 71 observation visits and 11,051 total outpatient registrations.

Net patient revenue for March was $4,038,393, compared to the $4,283,642 that was budgeted. Operating expenses, which they had budgeted at $4,459,544, finished the month at $4,795,843

That led to a loss of operations of a negative $471,343, which was 7.54 percent higher than the $135,517 they had budgeted.

Board member David M. MacLennan wondered what had caused that increase.

“We have several new physicians on staff that are just starting their practices - OB-GYN, family practice, internal medicine. Those physicians were not placed in the budget we approved back in November. We weren’t sure at that time that they were all coming. That’s why the salary line is making up most of that difference,” Mr. Smith said.

Commenting rules:
  1. Stick to the topic of the article/letter/editorial.
  2. When responding to issues raised by other commenters, do not engage in personal attacks or name-calling.
  3. Comments that include profanity/obscenities or are libelous in nature will be removed without warning.
Violators' commenting privileges may be revoked indefinitely. By commenting you agree to our full Terms of Use.
Giveaway
Syracuse Football Tickets Giveaway
Connect with Us
DCO on FacebookWDT on Twitter