(Thursday - February 25, 2021) - The Dickinson
County Healthcare System has made a remarkable comeback, after nearly
facing bankruptcy just two years ago.
According to information
released at the Thursday meeting of the hospital's Board of Trustees,
the hospital ended 2020 with operating revenue of 3.7 million dollars.
Despite all of the challenges of the Coronavirus Pandemic, the hospital
has been able to maintain a solid cash flow. The month of December
closed with operating revenue of 21 thousand dollars.
hospital has also been able to reduce its outstanding pension and
retirement obligations by nearly 50%, eliminating a portion of its
As of the end of December, the hospital had 84
days of operating cash on hand.
Officials are still awaiting word
on the fate of the 27 million dollar loan application to the USDA Rural
Development Fund. That loan, if approved, would allow the hospital to
save a considerable amount on interest, by consolidating current debt.
It would also provide funds for necessary capital upgrades and