Samaritan Healthcare expects its orthopedic department expansion, as well as new hires in pediatrics and family practice, to help boost utilization and finances, according to the Columbia Basin Herald.
Chief Administrative Officer Alex Town gave an update on the hospital's finances May 28.
Four insights:
1. The Moses Lake, Wash.-based system's inpatient revenue fell below projections for April because of a drop in obstetrics and general admissions, but an increase in surgeries put inpatient revenue above projections for the year.
2. Net revenue for April was below budget projections at $460,383, but a net income for the year through April of over $2.1 million beat expectations.
3. Samaritan Healthcare's higher-than-anticipated net income helped the system exceed its budget goal for the year to date despite falling short in other areas.
4. Expenses for the month were lower than anticipated, along with bad debt write-offs and charity care cases.
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