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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit