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Some hospital board members said keeping the existing tax rate was essential to completing the hospital’s bond projects, like a new psychiatric emergency room.
UC Health’s most recent financial statement shows that for the nine-month period ending in March 2024, the hospital’s operating margin – a loss of about 2% – was an improvement from last year.
Hospital Net patient revenue (NPR) (thousands) Total operating expenses (thousands) Operating margin Total margin Uncompensated care Medicare share of NPR Medical Assistance share of NPR Total operating revenue (thousands) Operating income (thousands) Net income (thousands) Geisinger Bloomsburg $71,155 $70,498 3.09% 2.99% 1.99% 28.99% 11.42%
Massachusetts General Hospital (Mass General or MGH) is a teaching hospital located in the West End neighborhood of Boston, Massachusetts. [4] It is the original and largest clinical education and research facility of Harvard Medical School/Harvard University, and houses the world's largest hospital-based research program with an annual research budget of more than $1.2 billion in 2021. [5]
About 25% of U.S. healthcare costs relate to administrative costs (e.g., billing and payment, as opposed to direct provision of services, supplies and medicine) versus 10-15% in other countries. For example, Duke University Hospital had 900 hospital beds but 1,300 billing clerks.
Hospital operating costs per discharged patient at Community Regional climbed from under $16,000 in 2019 to almost $20,000 in 2021, according to the NASHP database. At Clovis, the operating costs ...
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