Memorial Hospital CFO Bill Rohrbach said revenues were up 7 percent in 2011 compared with 2010, and the hospital’s expenses dropped by 1.6 percent, according to the report.
Gary Baker, CEO and president of Memorial Hospital, attributed the turnaround to controlling costs, an additional $1.4 million in governmental reimbursement and an increase in patients using the physician practice owned by the hospital, according to the report.
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Richmond University Medical Center Receives $20M Line of Credit, $15M Loan
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