Hospital officials warned that the hospital’s long-term financial outlook still remains uncertain, according to the report. Its operating margin for the year stands at 1.9 percent. Normally, OMC budgets for a 4 percent margin, but it budgeted for a 2 percent margin this year due to the economic instability.
OMC’s net revenue for the third quarter was $868,000, and for the year, it is $1.9 million. According to the report, the hospital’s accounts receivable is at 49 days, well below the state average of 63 days.
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