In­vest­ment loss crimps Texas Chil­dren’s fi­nances

Modern Healthcare - - REGIONAL NEWS - —Dave Barkholz

Texas Chil­dren’s Hos­pi­tal in Hous­ton en­joyed a big surge in rev­enue and op­er­at­ing sur­plus in its fis­cal 2015 ended Sept. 30, but also saw a ma­jor re­ver­sal in its in­vest­ment re­turns for the year, ac­cord­ing to au­dited fi­nan­cial doc­u­ments.

The pe­di­atric health sys­tem saw its 2015 op­er­at­ing sur­plus jump 54% to $120.2 mil­lion on rev­enue of $2.84 bil­lion. That com­pares with last year’s op­er­at­ing sur­plus of $78 mil­lion on rev­enue of $2.56 bil­lion.

But the sys­tem suf­fered a big loss on in­vest­ments. It posted a loss in in­vest­ment re­turn of $68.7 mil­lion in 2015, com­pared with a gain of $144.7 mil­lion last year.

The not-for-profit sys­tem in­cludes a 490-bed pe­di­atric hos­pi­tal and a 115bed ob­stet­rics and gy­ne­co­log­i­cal hos­pi­tal within Hous­ton’s Texas Med­i­cal Cen­ter. It also owns a 44-bed pe­di­atric hos­pi­tal in west Hous­ton, sev­eral ur­gent-care cen­ters and an in­sur­ance plan.

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