The hospital system’s 2011 operating revenue represent a 10 percent increase from its 2010 operating revenue, which totaled just more than $954 million in operating revenue. The increase was attributed to increased revenue to slightly higher inpatient volumes, sustained revenues from its cancer hospital and higher inpatient and outpatient rates, according to the report.
The health system also finished fiscal year 2011 with total operating expenses of a little more than $950 million, up from last year’s $887.6 million. Operating income was $97.6 million, up from $66.5 million in 2010.
Related Articles on Hospital Finances:
Finances in the Era of Population Health: Q&A With Kevin Lang and Steve Mohr of Loma Linda University Medical Center
New York’s Rockland County Budget Would Close Several Hospital Programs
Washington’s Olympic Medical Center Reports Better-Than-Expected 3Q
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