Hospital Audit Report Notes On-Going Financial Impact of Pandemic
posted on Thursday, October 26, 2023
Spencer Hospital's annual audit report reflected an operating margin that continues to be negatively impacted by the lingering economic impact of the COVID-19 pandemic, particularly resulting in higher expenses related to labor costs. The hospital ended the fiscal year with a negative 6.9 percent negative operating margin as outlined in the annual audit report presented at October's hospital board meeting.
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