After months of losses, Massena Memorial ends April with slight financial gain
By ANDY GARDNER
MASSENA -- Massena Memorial Hospital in April made a small financial gain after months of large monetary losses.
The hospital ended the month $15,057 in the black, which the chief financial officer attributed to an uptick in inpatient volume compared to the same month last year."Inpatient discharges were up for the month. Year to date, we're behind. That's how national trends are going," CFO Pat Facteau said at Monday's Board of Managers meeting.
A financial and statistical summary made public at the meeting shows they had 174 inpatient discharges last month, up from the 157 in April 2017. The April 2018 total was still behind their projected 202.
MMH CEO Bob Wolleben said slight changes in numbers of insured patients can have a butterfly effect on financial outcomes.
"Relatively small changes in payer type ... make a big difference," he said.
The hospital saw fewer uninsured patients in April and slightly more "that either have Blue Cross or traditional Medicare."
"A slight change can make a big difference in our revenue. We're starting to see a trend growing outpatient revenue," he said, adding that outpatient revenue is up 10 percent over the same point last year.
Despite the April gain, the hospital remains $449,172 in the red for the year, according to the financial summary.