St. Joseph’s cited growth of $6.2 million in depreciation expenses and a an increase of $3.4 million in interest expenses on bond payments as the main reasons behind its loss.
However, even with the loss, the hospital is “in line” with its 2014 consolidated budget, according to the report.
More articles on finance:
5 most-read finance stories: Week of Dec. 1-5
CFO Keith D. Persinger: Leading efforts at UMMC to improve efficiency and finances
Steve Graddy, CFO of Freeman Health System
