Bristol Hospital operating income narrows to $532k

A decrease in patient revenues and an increase in certain costs caused Bristol (Conn.) Hospital's operating income to fall in 2015.

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

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars