Navigation Links
New Jersey Hospitals Post Razor Thin 0.6 Percent Operating Margin for 2006, Down 1 Percent from 2005
Date:11/29/2007

PRINCETON, N.J., Nov. 29 /PRNewswire-USNewswire/ -- New Jersey's hospitals suffered a 1 percent decrease in year-end operating margins for 2006, according to the latest edition of the New Jersey Hospital Association's 2007 Financial Status of New Jersey Hospitals Report. In fact, New Jersey hospital profit margins have been at less than 2 percent for the last two years.

Compiled from audited financial data submitted by acute care and specialty hospitals and health systems statewide, the report shows total 2006 hospital revenues of $17.129 billion and total expenses of $17.023 billion. The resulting $106 million gain represents a 0.6 percent operating margin, down from 1.6 percent posted at year-end 2005.

This consolidated financial analysis represents more than 93 percent of all acute care sites as well as specialized or rehabilitation hospitals.

"Insufficient reimbursement from Medicare, Medicaid and the state charity care program are some of the major factors contributing to N.J. hospitals' low operating margins and low cash levels. In fact, more than 40 percent of our hospitals are operating in the red, and that number will continue to increase unless some major changes are made in charity care funding, along with adequate payments from other key payers," said NJHA President Gary Carter.

Other key indicators from the 2007 Financial Status of New Jersey Hospitals include:

-- Average total margin, which includes income from restricted and non-operating funds such as grants and endowments, was 3.1 percent, up from 1.4 percent in 2005.

-- The average number of days a patient's bill was in accounts receivable was 48 days, down slightly from 49 days last year.

-- The average number of days hospitals had cash on hand to operate if all other funding sources stopped was 45.1, relatively unchanged from the 45.3 days calculated for 2005.

-- The average time it took a hospital to pay its bills wen
'/>"/>

SOURCE New Jersey Hospital Association
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Video: Circulatory Care of New Jersey
2. Keane Wins $1 Million Electronic Medical Record (EMR) Implementation at New Jersey-Based Acute Care Facility
3. First New York/New Jersey Health Care Report Card Released
4. New Jersey Physicians Launch New, Statewide Association to Fight for Stronger Voice in Healthcare
5. New Jersey Nets Shoot Down Staph with High-Tech Defense
6. Filing for Reconsideration/Press Conference ACUNA v. TURKISH, Historic Informed Consent Abortion Case to the New Jersey Supreme Court
7. New Jersey Entrepreneur Turns a Page for Four National Charities
8. FDA Inspects Hoviones Technology Transfer Center in New Jersey
9. New Poll Finds Nearly Seven in 10 New Jersey Voters Support Smoke-Free Casinos
10. Distinctive Art Auction Supports American Red Cross of Central New Jersey
11. Keisha Orr of Edgewater Park, New Jersey is Named Philadelphias 2007 Local Loser
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/22/2014)... October 22, 2014 Shriners Hospitals for ... will change the current location of Shriners Hospitals for ... Limestone across from the University of Kentucky Albert B. ... ambulatory care center, owned and operated by Shriners Hospitals ... needs of children and their families well into the ...
(Date:10/22/2014)... During the Western United States’ worst ever ... low, Southern Oregon’s water is proving resistant to drought ... mountain snow pack on record in 2014, remain high ... That was the observation of journalist-hikers Art Bernstein and ... Oregon,” during an interview with water advocate Sharon Kleyne.† ...
(Date:10/22/2014)... 2014 Although there are only 24 hours in ... people who have trouble finding time within their busy schedules for ... long periods of time to get in shape. Here are five ... the go. , Change Up Your Commute , Consider riding ... add some exercise into your daily routine. If you must use ...
(Date:10/22/2014)... HealthDay Reporter , TUESDAY, Oct. 21, 2014 (HealthDay ... be showing a genetic propensity for obesity as toddlers, a ... linked to increased body fat, but the same genes in ... researchers said. At 1 year, kids with these genes ... however, these genes were linked to excessive weight gain, the ...
(Date:10/22/2014)... Maureen Salamon HealthDay Reporter ... crucial part of conventional in vitro fertilization (IVF) -- the ... take place in a device inside the vagina, new research ... that the device, called an INVOcell, might sharply cut costs ... make the technology more accessible to those who don,t live ...
Breaking Medicine News(10 mins):Health News:Shriners Hospitals for Children - Lexington Announces Plan to Build New $47 Million Facility 2Health News:Shriners Hospitals for Children - Lexington Announces Plan to Build New $47 Million Facility 3Health News:Southern Oregon Is West’s Most Drought Proof Fresh Water Region Say Hiking Guide Authors 2Health News:Southern Oregon Is West’s Most Drought Proof Fresh Water Region Say Hiking Guide Authors 3Health News:Southern Oregon Is West’s Most Drought Proof Fresh Water Region Say Hiking Guide Authors 4Health News:HealthGuideMD Presents Ways to Improve Your Exercise and Fitness 2Health News:Tall, Heavy 1-Year-Olds May Be at Risk for Obesity Later, Study Finds 2Health News:Experimental Infertility Treatment Seems Effective, Cheaper 2Health News:Experimental Infertility Treatment Seems Effective, Cheaper 3Health News:Experimental Infertility Treatment Seems Effective, Cheaper 4
... June 4 Martek Biosciences,(Nasdaq: MATK ) ... DHA omega-3 for brain, eye and heart health, ... mainstream grocery retailers,across the U.S. WhiteWave Foods launched ... in 2007 and it is now the fastest,growing ...
... June 4 DTC Perspectives, Inc. is,proud to introduce ... award will,honor and recognize individuals who have made significant ... demonstrated,a record of extraordinary achievement in DTC marketing., ... up to five individuals,will be inducted and announced. The ...
... few key locations, such as work and home , , WEDNESDAY, ... track movement, a new study suggests that people are creatures ... and remaining at -- a few key locations, such as ... to analyzing human mobility appears to be more accurate, easier, ...
... of rotavirus vaccines, ISTANBUL, Turkey, June 4 ... policymakers and leading public health,professionals from 67 countries ... Istanbul, Turkey, to present new data about,rotavirus -- ... leads to death,among young children., "Regardless of ...
... supportive policies and public research dollars, the United Kingdom, ... shares of human embryonic stem cell research, according to ... the June 2008 issue Cell Stem Cell. Aaron Levine, ... book Cloning: A Beginner,s Guide, studied how countries output ...
... June 4 BasicPlus Health,Insurance of Roswell, Ga., ... with Companion Global Healthcare Inc. of Columbia, S.C., ... its most popular,limited benefit health insurance plans., ... (for,employers) and BasicPlus (for individuals) limited benefit plans ...
Cached Medicine News:Health News:Martek's life'sDHA(TM) Now Available in Rachel's(TM) Yogurt at Grocery Retailers Nationwide 2Health News:Martek's life'sDHA(TM) Now Available in Rachel's(TM) Yogurt at Grocery Retailers Nationwide 3Health News:DTC Perspectives, Inc. Announces the New DTC Hall of Fame Award 2Health News:Cell Phone Study Suggests People Are Losing Their Wanderlust 2Health News:Cell Phone Study Suggests People Are Losing Their Wanderlust 3Health News:World's Leading Health Experts Urge Countries to Use Newly Released Data to Prevent the Death of Millions of Children Due to Rotavirus 2Health News:Public funding impacts progress of human embryonic stem cell research 2Health News:Public funding impacts progress of human embryonic stem cell research 3Health News:Insurance Company Includes Global Network Option in Limited Benefit Plans 2Health News:Insurance Company Includes Global Network Option in Limited Benefit Plans 3
(Date:10/22/2014)... , Oct. 22, 2014   Reproductive Medicine ... leader in the field of infertility, presents new ... embryonic screening. The research abstract, released during the ... Medicine (ASRM) meeting in Honolulu, Hawaii ... single gene defect (SGD) pre-implantation genetic diagnosis (PGD). ...
(Date:10/22/2014)... -- AVACEN Medical announced today that its AVACEN 100 ... by the U.S. Food and Drug Administration. This clearance ... Internet for: the temporary relief of joint pain ... sprains . Logo - http://photos.prnewswire.com/prnh/20141021/153513 ... a sophisticated medical device incorporating over 3,000 firmware instructions ...
(Date:10/22/2014)... 2014  With a vision to ensure safety ... Global Pharmaceutical and Biotech manufacturer selects and implements ... solution to protect their animal health brand.  ... Photo - http://photos.prnewswire.com/prnh/20141021/153439 ... aggregated by the Xyntek and Antares solution is ...
Breaking Medicine Technology:New IVF Research Highlights Improved Genetic Screening Approach To Help Parents Have Healthier Babies 2New IVF Research Highlights Improved Genetic Screening Approach To Help Parents Have Healthier Babies 3AVACEN Medical Announces FDA Clearance of First Medical Device with Internal Game Mode 2Xyntek and Antares Serialization Solution Protects Pets Too! 2
... A Commonwealth Fund case study notes that ... aligned "to launch innovations and organize services in ways that make ... study -- along other profiles looking at medical systems that have ... high performing health care system -- has been in the works ...
... Conatus Pharmaceuticals Inc. announced today the initiation of a ... for the treatment of liver disease associated with Hepatitis C ... treatment with approved standard of care treatments is not currently ... patients who failed standard of care treatment are expected to ...
Cached Medicine Technology:Commonwealth Fund Case Study Points to 'Continuous Innovation' at Group Health Cooperative 2Commonwealth Fund Case Study Points to 'Continuous Innovation' at Group Health Cooperative 3Conatus Pharmaceuticals Initiates a Second Phase 2 Clinical Trial for the Treatment of Hepatitis 2
... Propel Cannulated Interference Screw ... unbiased, symmetrical starts, while limiting ... distal end reduces abrasion where ... unequalled protection. Aggressive-pitch thread enables ...
Cannulated Interference Screws...
Cannulated Interference Screws...
... CoEase is designed to provide excellent protection ... unique advantage of being closer to an ... This allows CoEase to maintain viscosity ... best of both worlds for superb performance ...
Medicine Products: