The year’s end has been slow for Wrangell Medical Center, with patient volumes declining through October and November.
In his report to the hospital board on Dec. 16, chief financial officer Doran Hammett guessed this was likely seasonal as fish processing came to an end and people began heading south for the winter. Figures were still up from last year, but revenue has nonetheless been impacted.
“That slow-down is affecting cash flow,” he explained. Reserves have subsequently dropped from just over $800,000 to around $600,000 by last week’s meeting.
“I think we’re still in pretty good shape,”...
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