It was a good news day for Howard University Hospital when it announced in September that it turned a $4.3 million profit in fiscal 2016 after several years of financial struggles.
Turns out, university officials said, the hospital did much better last year than originally thought: It had a $21.3 million surplus once the auditors had a chance to review the numbers.
That nearly 400 percent jump in the bottom line can mostly be attributed to expenses being lower than projected, they said. They released…
It was a good news day for Howard University Hospital when it announced in September that it turned a $4.3 million profit in fiscal 2016 after several years of financial struggles.
Turns out, university officials said, the hospital did much better last year than originally thought: It had a $21.3 million surplus once the auditors had a chance to review the numbers.
That nearly 400 percent jump in the bottom line can mostly be attributed to expenses being lower than projected, they said. They released…