Denver-area hospitals posted record profit margins in 2014, despite lower bed occupancy rates, according to a Denver Business Journal report.
The Colorado Health Market Review 2015, authored biennially by independent analyst Allan Baumgarten, found Denver-area healthcare facilities earned pre-tax income that was 15.6 percent of patient revenue in 2014, up from 12.3 percent two years prior.
Although hospital profit margins were up last year, bed occupancy rates slipped to 63 percent, down from 69 percent in 2008.
HCA-HealthOne, was the most profitable hospital chain in the Denver area last year. HealthOne had a pre-tax margin of 32.7 percent, according to The Denver Post.
University of Colorado Health was the only other system in Denver that had a profit margin higher than 10 percent last year, according to the Denver Business Journal.
More articles on healthcare finance:
Back from the brink of closure: How a California hospital rebounded after 3 years of losses
Maryland hospital at risk of losing Medicare funding
Novant Health to close North Carolina hospital