Healthy sur­plus

The Glengarry News - - Classifieds -

The Hôpi­tal Glen­garry Memo­rial Hospi­tal’s fi­nan­cial pic­ture im­proved last year, when it recorded a sur­plus of about $340,000, com­pared to a deficit of $49,422 at the end of the 2017 fis­cal year.

In the fis­cal year end­ing March 31, 2018, the HGMH had to­tal rev­enues of $16,519,976, com­pared to $15,938,060 in 2017, and ex­penses of $15,685,903, com­pared to $15,460,623 in 2017. With amor­ti­za­tion in­cluded, the sur­plus stood at $340,805.

In 2018, provin­cial funds for pa­tient care to­talled $10,552,152, up from $10,342,756 and the provin­cial in­sur­ance plan cov­ered $3,159,271, up from $2,894,429 in 2017.

Un­der ex­penses, in­pa­tient care dropped from $4,248,892 to $4,243,933, di­ag­nos­tic and ther­a­peu­tic ser­vices went from $2,184,379 to $2,218,640, am­bu­la­tory and emer­gency ser­vices de­creased from $3,988,342 to $3,798,441, sup­port ser­vices in­creased from $2,108,714 to $2,169,630, ad­min­is­tra­tion rose from $1,863,425 to $2,097,760 while build­ings and land main­te­nance costs in­creased from $835,942 to $924,400.

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