The health system’s revenue in 2011 was $843 million, roughly 6 percent higher than 2010, according to the report. CentraCare’s net assets also grew 32 percent, increasing from $417 million in 2010 to $553 million in 2011.
CentraCare plans to reinvest into its system next spring with a $225-million expansion to St. Cloud (Minn.) Hospital.
Related Articles on Hospital Finance:
Idaho’s St. Luke’s Medical Center Recorded $41.6M Profit Last Year
Oregon Hospitals Report More Than $1.5B in Community Benefits in 2009
Children’s Healthcare of Atlanta Has Strongest Financial Year of Decade
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
