The statewide total margin realized by the 168 General Acute Care hospitals in Pennsylvania increased during the fiscal year that ended June 30, 2011, rising by 1.67 percentage points, from 5.26 percent to 6.93 percent, according to a report recently released by the Pennsylvania Health Care Cost Containment Council (PHC4). At the same time, the value of care for which hospitals were not compensated either bad debt or charity care grew by 11.2 percent, or about $99 million, in FY2011, from $891 million the prior year to $990 million.
Carolyn F. Scanlan, president and CEO of the Hospital & Healthsystem Association of Pennsylvania, said the news of the improving margins is welcome, but it doesn’t represent a long-term trend.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
