Wednesday, June 1, 2011

Northstar (Iron River) Hospital Report

The first quarter Northstar Hospital
report is out.

The Hospital shows a financial
improvement over last year with an
advance to an income from operations
of some $182,000. Huge positive jumps
like bear close scrutiny.

For example, the total operating
expenses have dropped, on a pro
rata basis, some $964,000 compared to
2010. Interest expense has dropped by
some $141,000 pro rated when compared
to 2010.

All the numbers are looking much better
than last year, so something is being
done differently. We are hopeful that
this level of progress can be sustained
indefinitely.

Bill Vajk

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