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January 27, 2012

Three Rivers Health records total net income of just over $500,000 in 2011

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Written by: Bruce Snook
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“It was a very good year for us.”

These were the words of Bill Russell, CEO of Three Rivers Health, during an interview with the River Country Journal following the January meeting of the Three Rivers Health Authority Board Thursday morning (January 26th).

Russell was commenting on the hospital’s financial performance in the year that ended December 31, 2011, a year in which Three Rivers Health generated total net income of $504,353.  He said the amount was “a little bit below our budget, pretty close to what our mid-year projection was for the year.”

The numbers reflect an ongoing financial recovery over the last several years after a low point in 2008 when the hospital lost almost $3-million.

Russell said he’s “happy that we’re back in the black” and said, “In addition to it being a positive year financially, I think we accomplished some things – or, at least we laid the groundwork to accomplish some things – in 2012 that sets us very nicely for this year and for future years.”

Russell indicated that a variety of factors contributed to the positive bottom line.  He said, “I think it was the totality of a bunch of collective labors by our governing board, by the administration, by our medical staff, by all the good people who work here at Three Rivers Health.”

To hear Bill Russell’s comments on the hospital’s financial performance in 2011 – shared during a conversation with Bruce Snook of the River Country Journalclick here (1:39 – 1.51 MB).






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