Eclipsys - Commentary - Joseph Haney, Community Hospital of the Monterey Peninsula

Transcript
Cash collections have been fairly phenomenal. We set out in 2005 to collect about 107% of net revenue and, in fact, we ended up collecting about 111% of net revenue. And, that left us about a $13 million dollar cushion that was very much appreciated by everybody. A little extra cash in the bank never hurts.

About Community Hospital of Monterey Peninsula
Community Hospital of the Monterey Peninsula, located in Monterey, CA, was founded in 1934 and has grown and evolved in direct response to the changing healthcare needs of the people it serves. Today, it is a nonprofit, integrated healthcare delivery system providing a continuum of care from birth to end of life, and every stage in between. It serves the Monterey Peninsula and surrounding communities through 15 locations, including outpatient facilities, satellite laboratories, a mental health clinic, a short-term skilled nursing facility, Hospice of the Central Coast, and business offices.