Stimulus funds boost Dartmouth-Hitchcock health system
In this May 17, 2011 file photo, the Dartmouth-Hitchcock Medical Center is seen in Lebanon, N.H. (AP Photo/Toby Talbot) Toby Talbot
Published: 12/23/2020 6:35:38 PM
After a rocky spring when the COVID-19 pandemic first hit and revenue plummeted, Dartmouth-Hitchcock Health saw its operating margin climb back into the black for the quarter ending Sept. 30 thanks to federal stimulus payments.
Daniel Jantzen, the Lebanon-based health system’s CFO, described its $13.9 million, or 2.2% margin for the first three months of its 2021 fiscal year as a “dramatic recovery” from losses that occurred earlier in the coronavirus pandemic, in a filing with bondholders late last month.
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Stimulus funds boost Dartmouth-Hitchcock health system
Modified: 12/21/2020 9:18:00 PM
LEBANON After a rocky spring when the COVID-19 pandemic first hit and revenue plummeted, Dartmouth-Hitchcock Health saw its operating margin climb back into the black for the quarter ending Sept. 30 thanks to federal stimulus payments.
Daniel Jantzen, the Lebanon-based health system’s CFO, described its $13.9 million, or 2.2% margin for the first three months of its 2021 fiscal year as a “dramatic recovery” from losses that occurred earlier in the coronavirus pandemic, in a filing with bondholders late last month.
The system previously reported an operating loss of $84 million on a total operating budget of $2.4 billion for the fiscal year that ended June 30.