Financial figures show struggling Tulare Regional Medical Center recorded a $3.6 million operating loss for the first 4 months of the fiscal year ending in October.
The figures were released at the TRMC November 12 board meeting. The $3.6 million loss is worse than this time last year when the district recorded a $2.4 million loss. Hopes for a turn around this year have not been realized so far, with the budget expecting a $894,000 loss through October but actual results that were 3 times that.
The monthly decline in October amounted to a loss of $417,758, an improved performance over September when the district reported a $1.2 million operating loss.
Hurting the finances at the district are a14% decline in patient days year to date,a 15% decline in discharges, a 16% decline in surgeries, a 12% decline in lab tests,a 60% decline in nuclear medicine treatments and a 22% decline in CT scans.
Year to date clinic visits number 6962 compared to 10,381 last year during the same period.
The report say the hospital’s daily patient census was 42 compared to 49 last fiscal year. It was 66 in 2010.
At the same time it works to bring in more revenue the district is working with their contractor to finish a new hospital tower approved by voters in the district but facing construction delays and exploring a partnership with some unknown entity to help it survive long term.