PORT ANGELES — Olympic Medical Center posted a positive 2.9 percent operating margin for the second quarter of 2008.
The numbers presented by Julie Rukstad, chief financial officer, continued a first-quarter rebound from the last two quarters of 2007, when OMC posted losses.
Operating margin is the “profit” a nonprofit organization makes. The money pays for recruiting new doctors, improving equipment and programs, and building capital projects.
“We have been working very, very hard,” Rukstad said.
“We’re finding positive operating income.”
Rukstad reported the finances to hospital commissioners Wednesday.
The black ink flowed in part from a $170,000 cut in salaries and benefits as administrators scrutinized staff openings.
They also found less costly supplies, and OMC enjoyed increases in surgeries and cardiac care, she said.
The efficiencies were part of OMC’s strategy to beef up its operating margin, which administrators would like to see exceed 3 percent.
