The PHC4 analyzed financial documents of the state’s 171 general acute-care hospitals from FY 2012. Here are some of the group’s major findings:
• Operating income rose 6.3 percent year-over-year, from $2.08 billion in 2011 to $2.21 billion in 2012.
• Operating revenue increased 4.8 percent to $39.3 billion.
• Despite the increases in operating income, operating revenue and operating margin, total margin fell from 7.04 percent in 2011 to 5.82 percent last year. Total margin factors in nonoperating income, like investment gains/losses.
• Hospitals’ uncompensated care grew by 6.4 percent, topping $1 billion for the first time.
More Articles on Hospital Finance:
35 Nonprofit Health Systems That Recently Posted FY 2013 Financials
Hawaii Health Systems Corp. Requests Emergency State Funding
Profit at Texas Hospitals Swells Despite Decline in Inpatient Days
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
