Hospitals in the Tampa Bay area of Florida have posted a collective $631.6 million profit in 2010, representing a 5.4 percent increase from 2009 and better overall financial health compared to the rest of the state, according to a Tampa Bay Business Journal report.
The 39 hospitals in Tampa Bay also reported $8.4 billion in revenue, up 4.2 percent from the previous year, and an average operating margin of 4.2 percent, up from 3.7 percent, according to the report. In comparison, all of Florida hospitals reported an average 3.7 percent operating margin.
Revenue growth and cost-cutting measures contributed to the Tampa Bay hospitals' finances.
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The 39 hospitals in Tampa Bay also reported $8.4 billion in revenue, up 4.2 percent from the previous year, and an average operating margin of 4.2 percent, up from 3.7 percent, according to the report. In comparison, all of Florida hospitals reported an average 3.7 percent operating margin.
Revenue growth and cost-cutting measures contributed to the Tampa Bay hospitals' finances.
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