Shands Teaching Hospital and Clinics, an affiliate of the University of Florida, booked higher revenue from treating more patients during the first nine months of its fiscal year, but rising expenses resulted in a smaller surplus.
In an earnings report for the nine-month period (PDF) ended March 31, Gainesville-based Shands said its acute-care, psychiatric and rehabilitation hospitals admitted 7.3% more patients than during the same period last year.
Outpatient volume at the facilities also increased 4.1%, while emergency and trauma visits increased 19.8%. The system attributed about two-thirds of the increase in ER visits to the construction of an off-site, full-service emergency department in the northwest section of Gainesville. The $4.6 million project brought in more than 8,000 visits since opening last August.