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While the economy continues to teeter, Hardin Memorial Hospital received favorable indicators concerning its fiscal health Tuesday morning.
A report released by Elmer Cummings, vice president and chief financial officer of HMH, during the monthly Board of Trustees meeting showed the hospital closed the 2010-11 fiscal year with a $5.6 million surplus.
The strong showing far exceeded the hospital’s estimates of $1.6 million in gains at year’s closing as the hospital saw increases in revenue in most categories while expenses were held down.
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