Treasurer’s Financial Snapshot from March 26, 2025

​As of the end of February, eight months into our fiscal year, our financial condition remains strong, but we continue to experience weakness in Primary Care visits and patient revenue, due primarily to a shortage of Primary Care providers.  With a new full-time MD now seeing patients, this situation will gradually improve.  Some “catch up” revenues resulted in positive net income for the month, although the bottom line remains negative and significantly below budget for the fiscal year to date.  On the positive side, expenses remain under good control, and we feel confident that we can continue to meet whatever financial challenges arise.  In particular, we have ample cash reserves to withstand any potential cuts in government funding for an extended period of time.
 
Details on the latest financial results can be found in the board meeting packet for March 26, 2025, on the RCMS website:
Board Agenda and Packet