Fla. sys­tem sees higher rev­enue even as ad­mis­sions drop

Modern Healthcare - - REGIONAL NEWS - —Beth Kutscher

Lee Me­mo­rial Health Sys­tem, Fort My­ers, Fla., re­ported im­prove­ments in its op­er­at­ing sur­plus and rev­enue de­spite a drop in ad­mis­sions dur­ing its fis­cal 2013, which ended in Septem­ber.

The three-hospi­tal sys­tem re­al­ized $63.5 mil­lion in op­er­at­ing sur­pluses on nearly $1.3 bil­lion in rev­enue, ac­cord­ing to its fi­nan­cial re­port. That per­for­mance rep­re­sents a 40% im­prove­ment over the $45.4 mil­lion in op­er­at­ing sur­pluses on $1.2 bil­lion in rev­enue it re­ported the pre­vi­ous fis­cal year. Its op­er­at­ing mar­gin also im­proved to 2.8% from 1.5% the pre­vi­ous year.

How­ever, the re­port noted a dif­fi­cult op­er­at­ing en­vi­ron­ment, where adult ad­mis­sions de­clined 2.7%, pe­di­atric ad­mis­sions, 4.4%, and neona­tal cases, 1.8%. Pa­tient days de­creased 3.2%.

But the sys­tem saw a boost from out­pa­tient ac­tiv­ity, which led to an in­crease in ad­justed ad­mis­sions of 0.4%, as well as higher net pa­tient rev­enue per ad­justed ad­mis­sion, which in­creased 3.1%, or $41.5 mil­lion.

The sys­tem also re­ported that a greater per­cent­age of its pa­tients were on Med­i­caid, while it saw de­clines in its shares of commercial pa­tients and Medi­care ben­e­fi­cia­ries.

Lee Me­mo­rial Hospi­tal is the flag­ship of three-hospi­tal Lee Me­mo­rial Health Sys­tem, which re­ported a 2.8% im­prove­ment in its fis­cal 2013 op­er­at­ing mar­gin.

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