COLDWATER, MI (WTVB) -The Community Health Center of Branch County closed February with a positive net income of over $81,000 according to the monthly financial report presented to the hospital Board of Trustees on Monday night.
Financial Committee Chair Lindy Cox also reported that while inpatient revenue was about $1 million under the prior year, outpatient revenue for February was over the prior year by $711,000.
The report also indicated cash has increased thanks in part to the reimbursement of capital purchases. The days of cash on hand has also increased to nearly 78 and a half days while long term debt was listed at $678,000.
