39 Tampa Bay Hospitals Post Combined $631.6M in 2010 Profit

Hospitals in the Tampa Bay area of Florida have posted a collective $631.6 million profit in 2010, representing a 5.4 percent increase from 2009 and better overall financial health compared to the rest of the state, according to a Tampa Bay Business Journal report.

Advertisement

The 39 hospitals in Tampa Bay also reported $8.4 billion in revenue, up 4.2 percent from the previous year, and an average operating margin of 4.2 percent, up from 3.7 percent, according to the report. In comparison, all of Florida hospitals reported an average 3.7 percent operating margin.

Revenue growth and cost-cutting measures contributed to the Tampa Bay hospitals’ finances.

Related Articles on Florida Hospitals:

Florida Fines Humana $3.3M For Failing to Promptly Disclose Medicaid Fraud
Florida’s Spring Hill Regional Hospital CEO, COO Leave for Jackson Memorial Hospital
Florida to Gain 325 Residency Positions to Alleviate Physician Shortage

At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.