The increase in income was attributed to higher admissions stemming from shorter hospital stays. Hospital officials said the construction of the new UVa Transitional Care Hospital houses the longest-staying patients, opening the main medical center’s capacity to 20 more patients each day, according to the report.
Other factors boosting the health system’s income were lower costs and increased non-operating income.
Related Articles on Hospital Earnings:
Tenet Tempers Adjusted Earnings for 2011
University Medical Center in Las Vegas Posts $87.2M Loss
Massachusetts’ Milton Hospital Posts Losses Again Following 2010 Turnaround
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