Faith Community Hospital continued its positive financial trend as it experienced an above budget month for October. The board voted to approve the October financials in its Nov. 25 meeting. File photo
FCH October finances above budget
Faith Community Hospital continued their financial success as they experienced an above budget net income for the month of October.
According to the financial report handed out a the Nov. 25 board meeting, the hospital had a net income of $17,447.94 for the month which was above budget by $6,238. The Earnings Before Interest, Depreciation and Amortization was $227,113.51.
The total income before expenses was above budget by almost $1,116,000. FCH Chief Executive Officer Frank Beaman said part of this is attributed to a seasonal uptick in therapy and surgeries.
“We are seeing significant growth in the Lifestyle 365 program and the related therapies,” Beaman wrote in an email. “We continue growth in surgery and OB (obstetrics) with services being provided to a larger regional population.”
The CEO said expenses were above budget by about $303,000 due to employee benefit expenses and professional fees which were applied from accrual to the month of October.
For the full story, see the Wednesday, Dec. 4, edition of the Jacksboro Herald-Gazette.