ATLANTIC – Gronewold, Bell, Kyhnn & Co., P.C. CPAs have released an audit report on Cass County Memorial Hospital, Atlantic, Iowa. The auditors reported that the Hospital’s Unrestricted Funds revenues totaled $31,689,800 for the year ended june 30, 2011, a 3.6 percent decrease from 2010. The revenues included $27,909,900 in net patient revenue, $844,700 in other operating revenue, $1,989,600 from the county and $297,300 in interest on investments.
Expenses for the year totaled $31,057,600, a 3.3 percent decrease from the prior year, and included $5,976,800 for nursing services, $12,993,800 for other professional services and $8,077,000 for fiscal and administrative services. The decrease in revenues and expenses was primarily due to the Hospital discontinuing its home care and hospice services during the year.
There were no corrective measures indicated necessary for this audit. A copy of the audit report is available for review in the office of the Auditor of State and the Hospital Administrator’s office.
(Press Release from CCMH)