Capella’s financial results for the third quarter of this year are in stark contrast to the $5.1 million loss the hospital operator posted during the same quarter in 2013.
Capella also reported operating revenues of $195.1 million for the third quarter, up 5.6 percent from the $184.8 million it reported for the same period in 2013.
The growth in Capella’s operating results was driven by recent investments in advanced outpatient services, which have yielded record outpatient revenue growth, and an improved payer mix.
Correction: The following was updated on Nov.3: The initial article misreported the net gain. We apologize for the error.
More articles on healthcare finance:
Cigna’s revenues increased 9% in Q3
Tampa General Hospital reports $48.9M operating surplus for 2014
Driven by Sovaldi sales, Gilead’s profits up 246% in Q3
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
