32 Phila.-area hospitals made money; 13 lost - Philadelphia Business Journal:

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Among the 45 Philadelphia-area hospitalz listed in the financial performance 32 finished the year in the black and 13 lost The posted thelargest profit, by a larged margin, at $269.2 Next were , at $59.8 million; Paoli at $51.9 million, and at $46 million. Both Paolik and Bryn Mawr are part of Main Line Healthj basedin Radnor, Pa. The largesr deficits were recorded by threePhiladelphia hospitals: , at $40.4 , at $29.9 and , at $13 million. Graduat e was sold last year by to a joint venturwe of the in Philadelphia and Good Shepherd Rehabilitation Networkof Allentown, Pa.
The hospital is reopening next month asa post-acute-cares facility specializing in inpatient rehabilitatioj and long-term acute-care. Temple Children' s was closed last year by the . PHC4 said the overalo total margin (the ratio of totao income to expenses) for the 170 hospitalsw in the report increasedto 6.51 percent in fiscalp 2007 from 5.39 percent in fiscal 2006. The reporft also found the amount of uncompensatee care hospitals provided increasedto $678 million last up 12.2 percent from $604 milliojn in 2006. "The financial health of Pennsylvania hospitalw continuesto improve," said Davie H. Wilderman, acting-executive directoer of PHC4.
"It is important to note, however, that 25 percen lost money overall. That number has not improved sincw 2006 and is comprised ofmainluy small-to-medium-sized hospitals, many of which serve rura l communities." Priscilla Koutsouradis, communications director for & , said the PHC4 report "shows area hospitals overallp making progress toward the minimujm financial performance needed to re-invest in staff and technology and continuse to provide access to high-quality patiengt care." As of last she said, about 40 percent of the region'sz hospitals had total margins that reachedc the 4 percent to 6 percent threshold considered adequats for long-term sustainability.
"Nevertheless," Koutsouradis "a third of this region's hospitals lost money on patienft care and had to try to make up the differencde through other incomeand investments, a strategt that is particularly unreliable right now, with Wall Street'sx volatility."