The OSHPD charted hospital financial trends for the 433 hospitals in California from 2006 to 2010 and recently uploaded the data to its website for public use. Here are some of the biggest financial findings on California hospitals, according to the OSHPD data.
• The average California hospital operating margin increased from 0.59 percent in 2008 to 2.59 percent in 2010. The average total margin increased from 3.37 percent to 5.99 percent during the same time period.
• A boost in investment profits increased cumulative net income to more than $4.1 billion in 2010, the highest in the past five years.
• More than 52 percent (227) of California’s hospitals are non-profit, while 28 percent are for-profit (121). There are 45 district hospitals, which has held steady since 2007.
• In 2010, 66.1 percent of California hospitals operated profitably. Non-profit hospitals were the most profitable (68.7 percent), while city- and county-owned hospitals struggled to stay in the black (17.6 percent).
• Total operating expenses increased 27.3 percent from 2006 to 2010 ($54.2 billion to $69 billion).
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