Demonstrating the thoughtful and calculated investment of our resources, including donors philanthropic support.
2012 proved to be a solid year financially for NEBH. Another year of improved operating margin allowed for a continued increase in days cash on hand, as well as an improvement in our debt position. The result is an increase in the Hospital's borrowing power that will help fund our short and long-term strategic plan initiatives.
*The economic uncertainty at the latter part of 2012 prompted a need to increase our general reserves resulting in a fall back of the current ratio to a more traditional level.