French Camp, Calif.-based San Joaquin General Hospital reported its financial outlook for the first quarter of the fiscal year is better than administrators expected, according to a report from The Record.
Here are three things to know about the hospital's finances in the three months ended September 30.
1. San Joaquin General expects to earn $43.2 million through September, $14.1 million more than projected at the end of the 2014-15 fiscal year.
2. The hospital projects $304.5 million in operational revenue and $266.4 million in expenses for the first quarter of the fiscal year, which began July 1. According to the report, projected revenue is $12.5 million higher than previously expected, and projected expenses are $1.6 million lower than approved in June, at the end of last fiscal year.
3. The average daily patient census at the hospital was also higher than expected. The hospital originally budgeted for an average of 110 patients each day, and in the first quarter, the hospital has seen about 113 each day, San Joaquin General CEO David Culberson said, according to The Record.