Maintaining a Healthy Financial Performance
While necessary investments were being made to prepare for patients infected with the COVID-19 virus, patients deferred routine elective services—a critical source of revenue. In order to mitigate the disruptive financial impact of the pandemic, efforts were made to manage down costs during this period of low patient activity. Through these efforts, along with the COVID-19 Relief Funding through the CARES Act, South County Health was able to maintain a positive operating margin for FY2020.
In FY2020, South County Health provided services for 5,869 inpatients, including 3,161 medical patients, 2,077 surgical patients, and 631 deliveries. South County Health provided 207,576 outpatient service encounters, including 22,251 emergency room visits, 7,580 outpatient surgical cases, 184,086 physician encounters, and 64,929 skilled home care visits.
Full consolidated per audited statements (000s omitted)