Florida’s Orlando Health Profits Increase 12% in First Half of FY 2010

Orlando (Fla.) Health’s total profits increased in the first six months of fiscal year 2010 from $67.9 million to $76.2 million, representing 12 percent growth, according to an Orlando Business Journal news report.

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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.

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