Colorado has more than 50 non-federal, short-term, acute-care hospitals, according to the American Hospital Directory. The Colorado Hospital Association said only a dozen state hospitals are losing money.
Most of the hospitals losing money are rural facilities with high proportions of Medicaid and uninsured patients, according to the report.
HCA-HealthOne, which owns eight hospitals and about 30 percent of the hospital market in metro Denver, was cited as the most profitable hospital group in the state. In 2010, it recorded pre-tax net earnings of $384 million and pre-tax operating margin of 21 percent across all facilities, according to the report.
Out of Colorado’s 27 hospitals with 100 or more beds, only six remain independent. However, several of those hospitals were still able to turn a profit. Boulder (Colo.) Community Hospital recorded profit of $9.5 million in 2010, and Longmont (Colo.) United Hospital had a $7.1 million surplus.
More Articles on Colorado Hospitals:
Councilman Calls for Probe of Memorial Health in Colorado
