Day Kimball Healthcare in Putnam, Conn., reported a lower fiscal year profit as employee salary and benefit expenses increased, according to a Norwich Bulletin report.
The hospital's net operating gain was $1.13 million for the 12 months ending Sept. 30, 2010, down from $1.29 million the previous year. Revenue rose 7.5 percent, but expenses also climbed; salaries and benefits jumped 12.7 percent from the previous year.
Hospital administration said recruiting and maintaining a high-quality staff remains a major priority for the facility, according to the report.
Read the Norwich Bulletin report on Day Kimball Healthcare.
Read more on salaries and benefits:
-Six Cincinnati Healthcare Execs Earned More Than $1M in 2009
-Blue Cross Blue Members Pay Suspension Will Not Fix Rising Healthcare Costs
-UMass Medical School Chancellor Receives $60K Pay Raise
The hospital's net operating gain was $1.13 million for the 12 months ending Sept. 30, 2010, down from $1.29 million the previous year. Revenue rose 7.5 percent, but expenses also climbed; salaries and benefits jumped 12.7 percent from the previous year.
Hospital administration said recruiting and maintaining a high-quality staff remains a major priority for the facility, according to the report.
Read the Norwich Bulletin report on Day Kimball Healthcare.
Read more on salaries and benefits:
-Six Cincinnati Healthcare Execs Earned More Than $1M in 2009
-Blue Cross Blue Members Pay Suspension Will Not Fix Rising Healthcare Costs
-UMass Medical School Chancellor Receives $60K Pay Raise