The Wrangell Medical Center Board of Directors voted 7-0 Jan. 15 to approve the hospital’s 2014 budget.
Budget figures project the hospital will take in $9,610,679 gross revenue in the coming
fiscal year, while expending $8,763,556 in operating expenses, leaving a positive cash flow of $847,123 at the end of the present fiscal year. This is the second-highest cash flow in seven years, trailing only 2009’s $1,066,371, according to figures provided by hospital Chief Financial Officer Dana Strong.
Revenues are projected to increase 4.9 percent — $457, 651 — over the previous year, while Strong pr...
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