Hospital Officials Keeping a Close Eye on Financial Situation

Hospital Officials Keeping a Close Eye on Financial Situation

Sheridan Memorial Hospital Chief Financial Officer Ed Johlman said Wednesday that revenue wise, January turned out much better than the last few months had for the hospital. Hospital CEO Mike McCafferty says that with income coming into the hospital continuing to shrink, they intend to keep close tabs on their financial situation.

McCafferty explains that there are a number of factors that are contributing to the lack of revenue.

McCafferty said that activity is the key to turning the numbers around, as fewer patient numbers will continue to lead to lower revenue for the hospital.

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