In the past year, UMHHC opened a new children’s and women’s hospital, expanded its adult emergency department and continued its expansion of electronic records, which cost hundreds of millions of dollars.
However, patient activity grew at the health system, as inpatient and observation cases were each up 4.5 percent, and clinic visits were up 3.6 percent. For FY 2013, the U-M board of regents projected an operating gain of 0.5 percent on $2.4 billion of revenue.
More Articles on Non-Profit Hospital Finances:
Standalone Children’s Hospital Medians vs. General Acute-Care: 50 Statistics
UPMC’s 3Q Net Income Crawls Up 3.7%
Profit Potential: How Stamford Hospital Has Hit Positive Margins for 8 Consecutive Years