Hospital shows $500,000 profit

Editor Featured, Front Page, News Leave a Comment

By Tia Lynn Ivey managing editor

Morgan Memorial Hospital’s (MMH) audit for Fiscal Year (FY) 2015 revealed a $538,000 improvement in net income from FY 2014. FY 2015 garnered a total of $500,000 and fiscal year 2014 experienced a $38,000 loss. FY 2016, so far, has yielded a $46,000 net income. MMH presented the results to the Morgan County Board of Commissioners (BOC) at the Tuesday, Jan. 5 meeting. “This is a huge improvement,” said MMH Chief Financial Officer Kyle Wilkinson. “Everything we have going on financially, I could not be more excited about. Everything is going in the right direction. We are in very good shape financially.” Wilkinson noted his commitment to keeping both the hospital board and BOC updated with accurate financial information. “I want the books to be right and to be clean, so that we can present every month to the board, so they can make decisions based on correct and timely information,” said Wilkinson. “You can see how well we are doing. We are turning in the right direction.” MMH CEO Ralph Castillo also spoke to the BOC, reminding the public of the hospital’s overall economic impact in Morgan County, which is over $1 million dollars annually. “We have a tremendous economic impact in the community and in the local economy,” said Castillo. “We thank you for your support,” said the Castillo to the BOC. “We would not be here without your support.”

Leave a Reply