The Christ Hospital in Cincinnati has finally shown a profit, three years after becoming independent from the Health Alliance system in 2008, according to a Business Courier report.
The Christ Hospital's transition to independence was a difficult one, as the hospital posted net patient revenue of $483 million, far lower than its expenses of $521 million in 2009. However, in fiscal year 2011, the hospital has grown its net patient revenue to $555 million and kept expenses at $533 million, according to the report.
The Christ Hospital attributes its improving finances to increasing physician employment and the number of outpatient centers.
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The Christ Hospital's transition to independence was a difficult one, as the hospital posted net patient revenue of $483 million, far lower than its expenses of $521 million in 2009. However, in fiscal year 2011, the hospital has grown its net patient revenue to $555 million and kept expenses at $533 million, according to the report.
The Christ Hospital attributes its improving finances to increasing physician employment and the number of outpatient centers.
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