The University of California medical centers, which include the state’s five public teaching hospitals, more than doubled their combined operating surplus on higher patient volume and payment rates in their fiscal 2014… Across the system, discharges increased 1.7% while outpatient visits increased 3.8%. Those numbers contributed to an operating surplus of $507.4 million on $8.6 billion in operating revenue for fiscal 2014, which ended June 30. In comparison, the system’s operating surplus was $221.1 million on $8 billion in revenue in the prior fiscal year. All of the UC hospitals, with the exception of Children’s Hospital & Research Center Oakland, reported higher revenue year over year.

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by Beth Kutscher , Modern Healthcare.

Posted: December 29th, 2014, by: admin. Categories: . Awaiting Comments.