Health service district receives significant reimbursements

By Casey Crow
Staff Writer

The month of May was positive for the Upper San Juan Health Service District, which received two large reimbursements from the government and set several financial records, as discussed at the regular June meeting.

Last May, Pagosa Springs Medical Center (PSMC) set 15 records, 12 of which were positive. This year, four records were set, which is more typical of May, but still encouraging.

Some of these records include lab tests, which increased by 4 percent and bested the second oldest record from March 2009. Lab revenue bested April by $33,000 and inpatient revenue beat the March record by $13,000.

The outstanding accounts payable were $162,000 lower than April — the lowest it has been since June of 2012.

The hospital’s cash balance at the end of May was $1.65 million better than it was at the end of April, which shows a 122-percent increase in one month.

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This story was posted on July 9, 2015.