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.
Systemwide, discharges increased 1.7% as outpatient visits rose 3.8%, according to the system's latest financial report. Those numbers contributed to an operating surplus of $507.4 million on $8.6 billion in operating revenue for its fiscal 2014, ended June 30. In the prior year, the operating surplus totaled $221.1 million on revenue of $8 billion.
All UC hospitals, with the exception of Children's Hospital Oakland, reported higher revenue year over year. Children's was most affected by a revenue loss from the state's provider-fee program, which has lapsed while awaiting CMS approval for renewal. The program benefits hospitals that see a high number of low-income patients.
