Annual audit completed for hospital
BKD, LLP, released an audit report on Washington County Hospital, in Washington.
The hospital's revenues totaled $25,018,442 for the year ended June 30, 2012, a 0.08 percent decrease from the prior year. The revenues included $23,158,197 in net patient revenue; $629,668 of other operating revenue; $30,488 from noncapital contributions; $886,715 from property taxes; $278,088 of investment gains; and other $35,286.
Expenses for the year totaled $24,202,100, a 1.89 percent increase from the prior year, and included $13,860,905 for wages and employee benefits; $2,324,535 for medical professional fees; and $8,016,660 for other operating expenses including depreciation and interest.
A copy of the audit report is available for review in the hospital administrator’s office, in the Office of Auditor of State and on the Auditor of State’s Web site at <http://auditor.iowa.gov/reports/reports.htm>.