Treasurer’s Financial Snapshot from May 28, 2025

​RCMS Treasurer’s Financial Snapshot by Drew McCalley
 
As of the end of April, ten months into our fiscal year, our financial condition remains strong. With a new full-time MD and a new full-time PA now seeing patients, Primary Care visits and patient service revenue were up in April, though still below budgeted amounts. Expenses also remained under budget, and this month they were more under budget than patient revenue, so the net was positive versus the budget. All of our other revenue sources remained stable, for now. As a result, the bottom line was positive for the month, although it remained substantially negative for the fiscal year to date. We expect May financial results to be very positive, due to some large non-operational revenues coming in during the month. Despite all of the news about potential cutbacks in federal funding for healthcare, we have ample cash reserves to withstand any funding cuts for an extended period of time.
 
Details on the latest financial results can be found in the board meeting packet for May 28, 2025, on the RCMS website:
Board Agenda and Packet