Consultant: Nursing home can turn profit
By Tracy Moss
Wednesday September 26, 2007
DANVILLE – Vermilion Manor Nursing Home lost almost a million dollars last year, but a financial consultant thinks the county-owned facility can be profitable not only this year but also for at least the next four.
Mike Harmon of Harmon and Associates in Danville told county board members Tuesday night that the key to making the 233-bed nursing home profitable would be reducing the largest expense – personnel costs – which constituted about 88 percent of the nursing home's expenses last year.
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