University General Health System, based in Houston, has reported $15.7 million in first quarter 2011 net revenues, indicating a 50 percent increase over the first quarter of 2010, according to a health system news release.
The health system, which operates one hospital and one free-standing emergency room, also reported a Q1 2011 operating loss of $116,107, reflecting a 95 percent improvement compared to the Q1 2010 operating loss of $2.6 million. The reduction in operating loss was primarily due to a higher patient census and continued improvement of operating efficiencies at the health system's flagship hospital.
In the next few years, University General Health System expects to complete several acquisitions in Houston and other markets.
Read the health system news release about University General Health System's financial results.
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The health system, which operates one hospital and one free-standing emergency room, also reported a Q1 2011 operating loss of $116,107, reflecting a 95 percent improvement compared to the Q1 2010 operating loss of $2.6 million. The reduction in operating loss was primarily due to a higher patient census and continued improvement of operating efficiencies at the health system's flagship hospital.
In the next few years, University General Health System expects to complete several acquisitions in Houston and other markets.
Read the health system news release about University General Health System's financial results.
Related Articles on Hospital Finances:
San Francisco Supervisors to Examine High Hospital Costs
Two Nevada Hospitals Post Combined $68M Loss for 2010
Moody's: Non-Profit Hospital Revenue Growth at Lowest in Decade