Nationwide Children's Hospital sees revenue hit $2B for first time

Nationwide Children's Hospital in Columbus, Ohio, attributes much of its financial success in recent years to its accountable care organization and other long-term care initiatives, according to The Columbus Dispatch.

The pediatric hospital posted strong finances in 2014, with its operating surplus hitting a record $285 million. That growth continued into 2015, when the hospital reported revenue of $2 billion for the first time.

Much of the hospital's success has come from its involvement in Partners for Kids, an ACO that includes about 320,000 children in southeastern and central Ohio. More than 1,000 physicians work with the ACO to coordinate care for young patients.

Nationwide Children's CFO Tim Robinson told The Columbus Dispatch that the ACO and other long-term care initiatives had helped the hospital reduce losses associated with caring for Medicaid patients. Nationwide Children's posted a surplus on its Medicaid population in 2014, according to the report.

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