Revenue gains, cost controls boost finances at two systems
Revenue growth coupled with tight cost controls allowed separate not-forprofit hospital systems in North Carolina and Mississippi to post improved operating and net surpluses.
New Hanover Regional Medical Center in Wilmington, N.C., posted an operating surplus of $102.8 million on revenue of $821.4 million in the year ended Sept. 30, 2015, compared with in operating surplus of $63.9 million on revenue of $758.3 million in fiscal 2014.
The $63.1 million increase in revenue, an 8.3% gain, far exceeded the system’s growth in operating expenses, which increased $24.2 million, or 3.6% from the prior year.
Delta Regional Medical Center in Greenville, Miss., kept a lid on its costs to post a 2015 operating surplus of $6.1 million compared with an operating surplus of $3 million in the prior year, audited financial statements show.
Its net surplus was $5.4 million on revenue of $126.1 million in fiscal 2015, ended Sept. 30, compared with a net surplus of $2.2 million on revenue of $123.3 million the prior year. Total
operating expenses dipped to 90.4% of operating revenue for the year versus 92.3% last fiscal year.