PORT ANGELES — Olympic Medical Center commissioners reviewed a draft of the 2026 budget that hospital leaders said showed a positive cash flow for the first time in several years while still projecting an overall loss of about $7.5 million.

The presentation by interim CEO Mark Gregson and interim CFO Dennis Stillman on Wednesday outlined a budget that aimed to turn around the hospital, which is anticipated to lose $16 million this year.

“The bottom line is, it’s a cash flow-positive budget,” Gregson said, not a break-even budget, although that is the eventual goal.

Revenues are projected at $293.9 million next year, with expenses of $301.8 million, leaving a $7.4 million operating deficit. When adding back $16.4 million in depreciation, the hospital would achieve $8.9 million in positiv

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