Catholic Health, a three-hospital system owned equally by Ascension Health, CHE Trinity Health and the Diocese of Buffalo, posted $922.2 million in total unrestricted revenue (PDF) in 2013, which ended Dec. 31—a 5% increase from 2012. Expenses grew at a 4.6% clip. The system’s operating surplus totaled $31.9 million last year, compared with $27 million in 2012, and its total surplus increased 22% to $35.6 million.
The improved figures come despite lower utilization (PDF). Catholic Health’s total discharges and outpatient visits were down 2.7% and 3%, respectively, last year. However, the system recorded a 13.3% increase in patient service revenue from Medicaid, a 6% boost in revenue from commercial payers and decreased bad debt from self-pay patients. New York opted to expand Medicaid.
At Roper St. Francis, a three-hospital system with 15 outpatient centers, total unrestricted revenue climbed (PDF) 3.5% to $755.6 million in 2013. Comparatively, expenses rose 3.2%. The organization’s operating surplus totaled $16.3 million, an almost 20% improvement from 2012, while the total surplus increased 78% to $56.2 million, due to large investment gains and favorable adjustments on swaps.
Volumes at Roper St. Francis were up nearly across the board. Adjusted discharges (PDF), which includes outpatients, increased 1.7%, but adult discharges were down 5.2% from the prior year. Outpatient surgeries and emergency department visits grew 1.4% and 3.6%, respectively.
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