Saturday, 29 December 2012
Record Year At Homestead Hospital, They Only Lost $18.2 Million In FY 2012
Posted on 21:00 by Unknown
Caption the photo!
Maybe next year Homestead Hospital President William Duquette can get the matching pants.
http://southfloridahospitalnews.com/page/Bill_Duquette_Honored_by_City_of_Homestead/5716/2/
http://www.bizjournals.com/southflorida/news/2012/12/18/baptist-health-profit-doubles-in.html
Baptist Health South Florida more than doubled its profits in its last fiscal year as strong investment performance overcame a jump in expenses.
The big drag on the operations side came from West Kendall Baptist Hospital, which opened in April 2011. It lost $37.4 million in fiscal 2012, with bad patient debt costing that hospital $45.4 million, or 27 percent of its operating revenue. That’s a similar percentage of bad patient debt to revenue as Homestead Hospital, which lost $18.2 million.
It's other hospitals made up for that with earnings of $71.9 million at Baptist Hospital, $35.5 million at South Miami Hospital, $18.9 million at Doctors Hospital and $1.5 million at Mariners Hospital.
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