“A slight bottom line there.”

These are words used by Steve Andrews, Vice-President of Finance at Three Rivers Health, to describe the hospital’s financial performance in August as he reviewed financial statements Thursday morning (September 24th) during the September meeting of the Three Rivers Health Authority Board.

Andrews said, “”We’re pretty close to budget year-to-date.  We’re about a hundred thousand above budget.”

Total net income for the month of August was $54,425.

Total net income through August 31st was just over $221,000 ($221,328), which is “about a $1.7 million difference bottom line-wise” when compared to a year ago.

Three Rivers Health lost more than $3.2 million in 2008.

In reviewing the financial reports, Andrews said, “It’s pretty much the same thing that has been the case for most of the year.”

Andrews said, “As we go into the budget next year, there are some capital items – medical equipment – that we are going to have to deal with and also repairs to the roof.”

Looking toward the new budget year, Andrews said, “There’s no data to show that we’re going to see any notable increases in volume.”  He said the new surgeon and transfers are “probably our two greatest opportunities for inpatient growth.”

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