Have you been paying attention as we ran up the totals over the past thirteen weeks? How do you think we did?
Well, let's take a look at the numbers: There were 241 judgments, for $4,208,313; eleven satisfied judgments, for a credit of $155,242, and another eleven bankruptcies for $236,317. The grand total? 263 filings, for a net total of $4,289,388.
Here's how the numbers compare to prior first quarters:
- This is the lowest opening quarter we've had for total dollars; the previous low was in 2014, at $5,163,376. The highest was in 2013, with $6,992,112.
- The number of filings is up one over Q1 2015, up 10 over Q1 2014, and down 48 from Q1 2013.
- Only one of the four local hospitals - Crouse - had an increase in net filings, but the increase was only $2,705 over last year's Q1 number.
- The net of all filings for St Joe's was the lowest ever, not just the lowest first quarter number.
- The amount of satisfied judgments continues to lag behind the amount of bankruptcies, but the ratio was better than it has been in a couple of years. Repayments were 59% of the 'never payments', compared to only 35% last year and 39% in 2014.
- The total for this quarter is up a mere $20,571 over Q4 2015.
While I continue to be disappointed in the low repayments and relatively high bankruptcies, in the overall scheme of things, we didn't fare too badly. Let's hope for continued improvement going forward.