PA Hospital continues to operate in black after big losses

MSBusiness.com / Associated Press, September 9, 2013

PHILADELPHIA — Neshoba County General Hospital and Nursing Home generated a profit of $3.5 million profit during fiscal 2012 after a $213,575 profit the previous year, according to audited financial statements.The Neshoba Democrat reports the hospital had a loss of $1.9 million in 2010. Hospital administrator Lonnie Graeber said overall expenses were reduced by about $2 million while revenue remained steady, leading to the 2012 profit. Graeber said that for the first eight months of operations in fiscal 2013, the facility has shown a profit of $3.5 million. "Our inpatient volume has increased about 40 percent this year," he said.


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