According to the news report, the increase in profits can be attributed to big returns on investment. However, the hospital’s revenue in the first six months was down $3.3 million due to decreases in patient admissions, increased observation case load and increased Medicaid patients, according to the news report. Expenses also increased by $7.4 million.
Read the news report about Orlando Health’s financial results.
Related Articles on Hospital Finances:
Adventist Health Proposes $62M Reconstruction Plans for California’s Frank R. Howard Memorial
Sutter Health Releases Financial Results
SEIU Approves Tenet Contract for California Hospitals
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.