Rev­enue gains, cost con­trols boost fi­nances at two sys­tems

Modern Healthcare - - REGIONAL NEWS - —Dave Barkholz

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.

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