California Pacific Medical Center Most Profitable in San Francisco, But Charity Care is Low

A study by the University of California Hastings College of Law found that California Pacific Medical Center, part of Sutter Health, is the most profitable healthcare provider in the city, but its charity care figures are lower than other smaller hospitals in the city, according to a San Francisco Bay Guardian report.

From 2006 to 2010, CPMC made cumulative profits of $743.9 million, far above St. Mary's Medical Center ($22.6 million in profit) and St. Francis Memorial Hospital (a loss of $14.8 million), according to the report.


CPMC's charity care, which the San Francisco Board of Supervisors expects should be a minimum of 3 percent of a hospital's finances, is around 1 percent. The 514-bed CPMC also sees 14 charity care patients per bed per year compared with St. Francis' 31 charity care patients per bed per year, according to the report.

Related Articles on Charity Care:

Missouri Hospitals Provide Total Community Benefits of $2.3B in 2010

Charity Care at Edward Hospital in Illinois up 10% This Year as State Considers Its Tax-Exempt Status

Illinois Considering Proposal to Tax Non-Profit Hospitals But Offer Credits for Free Care

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars