Modern Healthcare is reporting that the $43 billion profit represents the “largest single-year jump in profit margins in at least 15 years.” Some interesting figures from the report, which covers 4,987 community hospitals:
- Net revenue grew 6.7 percent to $626 billion in 2007, and aggregate expenses grew 5.7 percent to $583 billion.
- Those growth rates are slower than in 2006, but expenses yet again grew more slowly than revenues, producing an overall profit margin of 6.9 percent for 2007.
- Operating revenue grew by 7.3 percent, reach more than $600 billion for the first time.
Read the full story here (free registration may be required).
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
