From 2006 to 2010, CPMC made cumulative profits of $743.9 million, far above St. Mary’s Medical Center ($22.6 million in profit) and St. Francis Memorial Hospital (a loss of $14.8 million), according to the report.
CPMC’s charity care, which the San Francisco Board of Supervisors expects should be a minimum of 3 percent of a hospital’s finances, is around 1 percent. The 514-bed CPMC also sees 14 charity care patients per bed per year compared with St. Francis’ 31 charity care patients per bed per year, according to the report.
Related Articles on Charity Care:
Missouri Hospitals Provide Total Community Benefits of $2.3B in 2010
Illinois Considering Proposal to Tax Non-Profit Hospitals But Offer Credits for Free Care
