Our Commitment to Quality and Stewardship

Fiscal year 2018 was a pivotal year for MelroseWakefield Healthcare Corporation.

Our continued commitment to financial stewardship and drive toward operational excellence exceeded our strategic targets and yielded positive results. Rooted in our mission to provide high-quality healthcare in community-based setting, our efforts to integrate efficiencies into our day-to-day operations better serves our patients and allows us to invest more in expanding patient care services. We look forward to continuing this progress and sustained growth in 2019.

Financial results for the fiscal years ending on September 30, 2018 and 2017.

Facts and Figures2018  2017
Beds (operating) 293293
Emergency department visits44,30146,840
Operating room cases12,59113,483
Physician office visits139,015165,893
Home care visits79,53872,290
Hospice visits14,15913,747
Financial Performance*20182017
Operating revenues$291,187$296,696
Operating expenses294,881318,220
Loss from operations(3,694)(21,524)
Nonoperating gains:
Investment income6,21314,805
Nonoperating gain – Net10,59213,910
Excess of revenue and gains over expenses$6,898$(7,614)
*in thousands