NRMC expects its profit for the fiscal year, which closes at the end of the month, to exceed $746,000.
Over the past two years, Healthcare Management Partners, the company that runs NRMC, has ordered cost-saving measures throughout the hospital, laid off employees and declared bankruptcy as a means of financially restructuring the hospital, according to the report.
The hospital has also reported $12.2 million in bad debt for FY 2008-2009, which was due to unpaid hospital bills, uninsured patients and patients with inadequate insurance or funds to pay their bills. Officials from NRMC said in the report that these kinds of bad debt are part of running a hospital in the current environment.
Read the Democrat’s report about NRMC’s first posted profit in five years.
