Medical muscle: Memorial Hospital records $190M gain
Over the past six years, nonprofit Memorial experienced steady growth, bringing in $190 million in profits. Meanwhile, Erlanger, the area's only Level 1 trauma center and the public safety-net hospital for indigent patients, saw steadily declining profits. Last year alone, Memorial raked in a record $42.9 million—more than the $40.7 million Erlanger made over the last six years. The gap likely will widen this year, with Erlanger losing more than $17 million so far. The two hospitals have competed for market share in the past, but the most recent numbers show Memorial closing the gap in total revenue numbers and surpassing Erlanger in profits and expansions.
- Senators Hear How Two-Midnight Rule Harms Patients, Hospitals
- 3 Management Lessons from a Supermarket Debacle
- Handshaking Spreads Germs. Get Over It.
- Healthcare Costs Start With What We Eat
- Hospitals Likely to Outsource ICD-10 at Launch
- IOM Identifies GME Problems, Calls for Finance Changes
- CMS Confirms ICD-10 Deadline
- Anatomy of 3 Health System Rebranding Efforts
- Premium Subsidy Fight Creating Uncertainty for Hospitals, Health Plans
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts