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El Centro City Council recieves hospital financial report

(ECRMC 2014-15 Financial Report)…It has been presented to the El Centro City Council.

The report had been approved by the El Centro Regional Medical Center Board of Trustees in September. Alex Wells, Chief Financial Officer for the Hospital, reported an excess of $10 million in revenue for the fiscal year. Wells says the excess will be reinvested into the hospital and used for new equipment, advanced technology and capital building projects. The hospital has 134.9 days of cash on hand. The outpatient volume at both the El Centro and Calexico clinics has grown 20% over the previous year. Tomas Virgen, interim Chief Executive Officer at ECRMC says the numbers indicate how financially sound the hospital is, and that allows them to invest further in the care they offer the community. Virgen said as a result of the positive financial course, they would continue to expand services, technology, facilities and equipment to better serve the Imperial Valley and surrounding regions.