St. Louis Area Hospitals Operating Revenue Exceeds $7B While Investment Income Sinks

Total operating revenue for St. Louis area hospitals in 2008 rose 4.4 percent to more than $7 billion, while non-operating revenue dropped to a loss of $440 million from a gain of $169 million in 2007, according to a report by the St. Louis Business Journal.

Advertisement

Citing data from the St. Louis Area Business Health Coalition, the report notes that the drop in investment income contributed to area hospitals reporting an overall loss of $228 million in 2008, while profit margins fell to -3.45 percent from 6.04 percent in 2007.

The report examined the finances of 34 area hospitals.

Read the St. Louis Business Journal report on St. Louis hospital revenue.

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

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.