For the second straight year, the Upper San Juan Health Service District (USJHSD), which operates as Pagosa Springs Medical Center (PSMC), had a positive bottom line for February.
The USJHSD Board of Directors heard the news at its March 26 meeting, with Chief Financial Officer Chelle Keplinger explaining it was a “great month.”
For the month of February, PSMC had a positive bottom line of $418,085.
PSMC ended February 2023 with a positive bottom line of $85,584.
During her presentation, Keplinger explained gross revenue for the month totaled $6,223,791 — $33,360 more than the budget and $370,027 more than February 2023.
Year to date through February, PSMC’s gross revenue totals $12,787,50 — $46,124 more than the budget and $981,695 more than the same period in 2023.
Of that, PSMC saw $3,554,524 in net patient revenue for the month of February, which is $426,505 more than the budget and $564,304 more than the previous year.
Year to date, net patient revenue totals $6,680,425, which is $288,785 more than the budget and $272,108 more than the previous year.
Expenses for the month of February came in $103,019 less than what was budgeted but $229,322 above the same month in 2023 — something Keplinger explained was expected.
Year to date, PSMC’s expenses are $7,107,119 — $151,056 less than the budget and $267,817 above the same period in 2023.
That left the medical center with a positive bottom line for both February and for the year to date.
The year-to-date bottom line is $40,029 — $194,411 more than the budget and $160,164 more than the prior year.
Following Keplinger’s presentation, board member Martin Rose asked if PSMC should start to expect to be profitable in February since PSMC has had a positive bottom line in February two years.
Keplinger responded that it’s hard to say and that she’d like to see a third year’s data.
Board member Mark Floyd also noted that February’s bottom line is “incredibly rare,” adding it was a “terrific month.”
