Hospital reports net loss with debt write-off
Last updated 11/5/2020 at 10:25am
RITZVILLE – East Adams Rural Healthcare’s Chief Financial Officer Kim Polanco reported a net loss of nearly $620,000 for the month of September, bringing the year-to-date net loss to nearly $122,000.
“That big loss in September is a big, bad debt write-off, which we were anticipating,” Polanco reported to board members Oct. 21.
“We’re having some of those big financial fixes that we’ve talked about, and some of them aren’t so pretty,” CEO Corey Fedie told the board earlier in the meeting. “But we’ve all talked about this for months now, and it’s good to see some of...