Nonprofit Hospitals Dominate Top 10 Most Profitable Ranking
Market muscle -- whether gained from size, prestige or a lack of competition -- plays a key part in being able to negotiate with insurers, the study finds. California's Sutter Medical Center and Stanford Hospital, came in second and third, respectfully.
The Washington Post:
These Hospitals Make The Most Money Off Patients — And They’re Mostly Nonprofits
Seven of the top 10 most profitable hospitals in the United States are nonprofit facilities that each netted more than $150 million from caring for patients in 2013, according to a study published Monday. Topping the list is Gunderson Lutheran Medical Center in La Crosse, Wisc., which earned $302.5 million in profit from patient care services that year, according to researchers from the Johns Hopkins Bloomberg School of Public Health and Washington and Lee University. Other nonprofits in the top 10 include the Stanford Hospital in Palo Alto, Calif., which took in nearly $225 million, and the University of Pennsylvania's hospital in Philadelphia, which earned $184.5 million. (Sun, 5/2)
In other hospital news —
The San Diego Union-Tribune:
Patients Sue Scripps After Drug-Theft Scandal
Several patients are suing Scripps Green Hospital for pain and suffering in the aftermath of the multi-state Rocky Allen scandal. Allen, who was a surgical technician trainee at Green for just 20 days in 2013, was allegedly caught trying to switch a syringe of fentanyl, a powerful pain medication, with a syringe of saline solution before a surgical procedure at the hospital on June 7, 2013. (Sisson, 5/2)
The Fresno Bee:
Tulare Hospital Puts Bond Measure Up For Vote
Tulare Local Health Care District leaders decided Monday to ask voters to approve a $55 million bond measure to finish a stalled hospital project that is roiling the community. The five-member district board voted unanimously to call for a mail-in election. Ballots will be sent to voters Aug. 1 and must be postmarked by Aug. 30. (Griswold, 5/2)
The Desert Sun:
Loma Linda Children's Hospital Planning For Indio Site
A well-known name in children’s health care is planning to expand into the Coachella Valley with a satellite site in central Indio. Though the exact services Loma Linda University Children’s Hospital will provide at the Indio location haven't been determined. (Newkirk, 5/2)