Trinity Health, Novi, Mich., said its net income rose 4.9% in fiscal 2003, ended June 30, to $110.9 million from $105.7 million in fiscal 2002, fueled by higher acute-care admissions and outpatient volume, as well as a focus on controlling supply expenses. Revenue was approximately $5 billion, compared with $4.7 billion in the previous year, while the system's net profit margin remained about 2.2%. The Roman Catholic system, which operates 45 hospitals in seven states, said it provided $438.4 million in charity care, up 16% from fiscal 2002, and $180 million in uncompensated care, up 1.9% from 2002. The system said reduced losses on physician practices and better revenue management also helped it maintain a profit. -- by Patrick Reilly
Trinity reports higher income, admissions
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