University of Iowa Hospitals and Clinics in Iowa City reached total revenues of $814 million for fiscal year 2011, representing a $75 million increase from last year, according to a Daily Iowan news report.
According to the news report, hospital officials said the revenue increase principally stems from increased patient admissions to the health system's emergency department. This fiscal year's total revenue gives the health system nearly $13 million surplus over budgeted expenses. Also, up until May 2011, the health system's operating margin increased nearly two-fold what officials budgeted for ending the fiscal year.
Read the news report about UIHC's fiscal year 2011 revenues.
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According to the news report, hospital officials said the revenue increase principally stems from increased patient admissions to the health system's emergency department. This fiscal year's total revenue gives the health system nearly $13 million surplus over budgeted expenses. Also, up until May 2011, the health system's operating margin increased nearly two-fold what officials budgeted for ending the fiscal year.
Read the news report about UIHC's fiscal year 2011 revenues.
Related Articles on Hospital Finances:
Michigan's Beaumont, Henry Ford Health Systems Give First Raises in 3 Years
Florida's Orlando Health Profits Increase 12% in First Half of FY 2010
KPMG: Labor Cost for Full-Time RN Equal to $98K a Year