Spencer Hospital audit shows progress amid ongoing challenges

Spencer Hospital’s annual audit report reveals significant improvements over the past year despite persistent challenges with supply chain costs, workforce shortages and patient revenue.

The hospital concluded the fiscal year with a negative operating margin of 0.9 percent, as detailed in the annual audit report presented at the October board meeting. However, when factoring in investment gains and other non-operating revenues, including capital contributions, the net income was a positive 4.8 percent.

Despite ongoing challenges, the hospital has made significant progress in enhancing its serv...