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Saturday, March 17, 2007

DFW hospitals report strong profits - how about investing that stuff into better food, eh?

By Pegasus News wire

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A Minnesota-based group finished ninth annual analysis of the Texas health care market. Right now, it's a good time to be a hospital because of nice profits, which is fueling construction of more hospitals. That's awesome but, look, the food still stinks. You hospitals need to hire Emeril Lagasse. He could also work on simple stuff like treating a rash. "Let me sprinkle a little baby powder on that. Ah, yeah. Gotta shoulder separation? BAM! Is that in there now? BAM!! How about now?" I don't see this being a wasted investment.

Among the findings published in the Texas Managed Care Review:

  • Hospitals in Dallas-Fort Worth and Austin significantly improved their net income in 2005; hospitals throughout the state are in the midst of a huge construction boom.
  • Based on Baumgarten's analysis of state data for 2005, hospitals in DFW had net income of $1.131 billion, or 11.1 percent of net patient revenues of $9.097 million. That's up from $732.2 million or 7.7 percent of revenues in 2004.
  • Hospital systems, both non-profit and for profit, that consolidated in the 1990s to improve their negotiating strength with health insurers are extending their geographic reach by building new hospitals in fast-growing suburbs, like Denton County and Sugar Land (outside Houston).
  • Entrepreneurial physicians are partnering in hospital development projects in several parts of the state, a business with significant risks.

Source: Texas Managed Care Review

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Comments

DC

DC Anonymous

Yeah, this story could be broken down a little more.

1 year, 6 months ago ( Link to this comment | Suggest removal )

Blair Lovern Staff

The pertinent DFW info. is what's on our site. The rest is linked. I'd rather they explain it with figures and graphs without anything being lost in translation. If you want even more detail you can write a check for $195 to the Texas Managed Care Review for the whole study.

1 year, 6 months ago ( Link to this comment | Suggest removal )

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