Rev­enue, ex­penses rise at Chil­dren’s Hospi­tal of Philadel­phia

Modern Healthcare - - REGIONAL NEWS - —Michael San­dler

Chil­dren’s Hospi­tal of Philadel­phia saw a rise in its to­tal rev­enue in fis­cal 2015, but higher ex­penses cut into those gains.

The hospi­tal re­ported $210 mil­lion in op­er­at­ing sur­plus on $2.4 bil­lion in to­tal rev­enue for the fis­cal year ended June 30, com­pared with $211.5 mil­lion in op­er­at­ing sur­plus on $2.2 bil­lion in to­tal rev­enue last year.

Salaries, wages and pro­fes­sional fees rose 6.2% this year, and em­ployee ben­e­fits soared 14.7% in 2015 over last year.

Mar­gins eroded slightly, fall­ing to 8.9% this year from 9.5% the prior year. The hospi­tal’s op­er­at­ing sur­plus dipped 0.7% this year.

Ad­mis­sions grew 3.2% this year over last, and pa­tient days were up 2.1%, to 162,390. To­tal am­bu­la­tory vis­its were up 5.2% for 2015.

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