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.

Advertisement

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

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.