Modern Healthcare - - Regional News -


North Shore-Long Is­land Jewish Health Sys­tem this month said it acquired Lenox Hill Hos­pi­tal, New York, af­ter the deal won clear­ance from an­titrust reg­u­la­tors. The deal ex­pands North Shore-LIJ’s reach into Man­hat­tan. The sys­tem, which now owns 11 hos­pi­tals, fin­ished fis­cal 2009 on Dec. 31 with in­come of $239.9 mil­lion on rev­enue of $4.9 bil­lion. Lenox Hill, a 153-year-old hos­pi­tal with 524 beds, lost $8.1 mil­lion on rev­enue of $674.3 mil­lion in fis­cal 2009, which also closed on Dec. 31. North Shore-LIJ has also pro­posed a new med­i­cal school with Hof­s­tra Uni­ver­sity. An ac­cred­i­ta­tion de­ci­sion is ex­pected this sum­mer, the sys­tem said in a news re­lease an­nounc­ing the Lenox Hill deal.


Penn­syl­va­nia’s acute­care hos­pi­tals saw a sec­ond straight year of fall­ing prof­itabil­ity in fis­cal 2009, in­clud­ing a steep drop-off in to­tal profit mar­gins, de­spite in­creases in pa­tient rev­enue from pay­ers that year, a study re­leased this month has found. The Penn­syl­va­nia Health Care Cost Con­tain­ment Coun­cil re­ported in its an­nual re­view of statewide hos­pi­tal fi­nances that to­tal profit mar­gins at the state’s 172 gen­eral acute-care hos­pi­tals dropped to 2.1% in fis­cal 2009, down from 4.7% the year be­fore and 6.6% two years ago. Op­er­at­ing mar­gins de­clined to 3.5% from 4% the year be­fore. Hos­pi­tals saw an in­crease of 7.9%, or $1.13 bil­lion, in net pa­tient rev­enue from com­mer­cial pay­ers be­tween 2008 and 2009, which equated to an 8.7% in­crease in av­er­age rev­enue per dis­charge from the pri­vate in­sur­ers. Medi­care rev­enue rose more slowly, with fed­eral net pa­tient rev­enue growth of 4.5%, or $519 mil­lion, and 5.5% growth in rev­enue per dis­charge. In a news re­lease, the Hos­pi­tal and Health­sys­tem As­so­ci­a­tion of Penn­syl­va­nia em­pha­sized the re­port’s find­ings that 44% of the state’s hos­pi­tals had neg­a­tive to­tal mar­gins in 2009, and that hos­pi­tal un­com­pen­sated care grew $59 mil­lion in 2009, for a to­tal of $807 mil­lion. “Penn­syl­va­nia hos­pi­tals’ ag­gre­gate fi­nan­cial health has ex­pe­ri­enced a sig­nif­i­cant de­cline,” as­so­ci­a­tion Pres­i­dent and CEO Carolyn Scan­lan said in a writ­ten state­ment.

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