(Spirit Lake)– Dickinson County Memorial Hospital has received a clean bill of health in a financial audit for the fiscal year that ended June 30th, 2001.
The report shows D-C-M-H compares favorably financially to other rural hospitals in Iowa and nationally. It shows Dickinson County Memorial posted an operating income of 725-thousand dollars for fiscal year 2001 for an operating margin of four-point-two percent. According to that, D-C-M-H out-performed many rural hospitals as the average profit margin for those facilities is one and-a-half percent. For all Iowa hospitals, it’s two-point-seven percent.
The audit shows the hospital continues to reinvest in new equipment. The report says the average age of the facility’s plant, including its physical structure and medical equipment, is six and-a-half years, compared with nine-point-nine years for other rural hospitals in the country and nine-point-seven percent for all Iowa hospitals.
