5 Pittsburgh-Area Hospitals, Health Systems Lost Money Last Year

In the fiscal year that ended June 30, 2011, five Pittsburgh-area hospitals and health systems recorded operational losses, according to a Pittsburgh Tribune-Review report.

Those five organizations were Butler (Pa.) Health System, Excela Health in Greensburg, Pa., Heritage Valley Health System in Beaver, Pa., Indiana (Pa.) Regional Medical Center and Jefferson Regional Medical Center in Jefferson Hills, Pa. The main reasons cited for the losses were Medicare and Medicaid reimbursement reductions, lower hospital admissions and patients deferring care for financial reasons, according to the report.

Thomas Aubel, vice president of data management for the Hospital Council of Western Pennsylvania, said since inpatient revenue is now accounting less for a hospital's total revenue, organizations will have to put a bigger emphasis on the outpatient side of the business. "The old standby is it takes 30 outpatients to equal an inpatient," Mr. Aubel said in the report.

Related Articles on Hospital Financial Losses:

Erlanger Health Not Expected to Make Profit Until April

United Medical Center in DC Requests $15M Infusion

Net Losses Continue at SunLink Health Systems

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars