HMH Board of Directors approve hospital’s 2021 budgets

Members of the Howard Memorial Hospital approved the 2021 operating and capital budgets. The budgets were recommended by the board’s finance committee.

HMH CFO, Bill Craig reported two positives on the financial snapshot. Those were the hospital’s Days Cash on Hand and Days Revenue in Accounts Receivable.

Craig also provided an overall financial summary.

Craig stated a couple of August Success Factors included the hospital’s share of the LHC profits and the fact they received $50,000 in stimulus funds from the Arkansas CARES fund on August 5.