Funds from nursing home and COVID relief programs culminated for a positive bottom line on Hamilton Healthcare System’s 2020 financial year.
Deborah Whitley of BKD CPAs and Advisors presented the annual audit report for 2020 to the Hamilton County Hospital District’s Board of Directors last Wednesday.
Highlights to the audit showed an increase in cash, net position, operating income and nursing facility revenue and a decrease in net nonoperating revenues.
“This is the result of a tremendous positive impact from the nursing home QIPP program,” said Whitley.