The hospital reported about $135.5 million in patient revenues in 2015, down from $142 million the year prior. Although the hospital saw emergency room and outpatient visits increase year-over-year in 2015, inpatient admissions were down last year.
Bristol Hospital saw costs associated with salaries and benefits increase last year, but it did cut its supplies costs by about $5 million in 2015 compared to the year prior.
Bristol Hospital ended 2015 with operating income of $532,664, down from $1 million in 2014. The hospital’s net income also decreased last year, falling by 42.5 percent year over year.
More articles on healthcare finance:
State Rep.: Philadelphia hospital closure could leave 1,100 employees without jobs
8 latest CFO moves in hospitals, health systems
5 hospitals with strong finances
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.