Day Kimball Healthcare Salary and Benefit Costs Jumped 12% in 2010

Day Kimball Healthcare in Putnam, Conn., reported a lower fiscal year profit as employee salary and benefit expenses increased, according to a Norwich Bulletin report.

Advertisement

The hospital’s net operating gain was $1.13 million for the 12 months ending Sept. 30, 2010, down from $1.29 million the previous year. Revenue rose 7.5 percent, but expenses also climbed; salaries and benefits jumped 12.7 percent from the previous year.

Hospital administration said recruiting and maintaining a high-quality staff remains a major priority for the facility, according to the report.

Read the Norwich Bulletin report on Day Kimball Healthcare.

Read more on salaries and benefits:

Six Cincinnati Healthcare Execs Earned More Than $1M in 2009

Blue Cross Blue Members Pay Suspension Will Not Fix Rising Healthcare Costs

UMass Medical School Chancellor Receives $60K Pay Raise

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.