The Pennsylvania Health Care Cost Containment Council's latest financial report card for hospitals showed a widening disparity in the Philadelphia region between hospitals with substantial profits and those struggling with deficits.
Among the 43 acute-care hospitals in the five-county region reporting fiscal 2013 data to the state agency, nine posted profits of more than $30 million and nine had losses of $4.8 million or higher.
In Philadelphia, 13 of the 19 hospitals made money last year. In the four suburban counties surrounding the city, two-thirds of the 24 hospitals reporting data finished the year in the black.
The Hospital of the University of Pennsylvania and Children’s Hospital of Philadelphia were the most profitable in the entire region with net incomes of $267.8 million and $184.5 million respectively.
Thomas Jefferson University Hospital in Center City was next with a net income of $104.9. All three medical centers provide among the most advanced, and expensive, tertiary-care services in the region.
Shriners Hospital for Children incurred the largest loss among the city hospitals at $33.6 million, followed by Hahnemann University Hospital at $18.9 million and Pennsylvania Hospital at 9.5 million. Read more about this story on PBJ.com.