Henry Ford Health System made $60M in 2010

The Henry Ford Health System—the largest provider of hospital care in the region —made $60 million last year in spite of a stubborn economy and growing costs to care for the poor and uninsured, it announced today. Ford's success—its eighth consecutive year of financial growth—makes it the largest system in southeast Michigan in revenue and in-patient volume, said Robert Riney, president/COO for the system. Almost 18% of the patients needing hospitalization last year in southeast Michigan were admitted at one of the Ford system's six hospitals in metro Detroit, a 31% increase in four years, Riney said in a media briefing today to release its fiscal 2010 financial statements.