Posted 10/1/2012 12:00 am
Updated 2 years ago
Nine of the top 10 hospitals and medical centers based on total patient revenue in Arkansas saw increases this year over last year’s numbers.
The hospital with the highest revenue was once again Baptist Health Medical Center in Little Rock with total patient revenue of $1.4 billion for 2011, a rise of 5.8 percent over 2010’s revenue. But other hospitals are catching up to the top spot.
(For a list of the most and least profitable Arkasnas hospitals, click here.)
Down the road from Baptist, the University of Arkansas for Medical Sciences’ Medical Center reported patient revenue of $1.37 billion for its fiscal year that ended June 30, which was up 3.5 percent from the same period a year ago.
Both St. Vincent Infirmary Medical Center in Little Rock and the Northwest Health System-Springdale, which includes the Northwest Medical Center-Bentonville and Willow Creek Women’s Hospital in Johnson, reported total patient revenue of more than $1 billion.
The only hospital in the top 10 that saw its patient revenue drop was Arkansas Children’s Hospital in Little Rock. For the fiscal year than ended June 30, 2011, it reported $712.9 million, 0.8 percent less than the previous year. But next year, it should see more patient revenue.
In June, ACH unveiled its $121 million South Wing. The 258,000-SF expansion added 54 beds to the hospital, giving it 370.
Mercy Hospital Hot Springs jumped from No. 8 on the list last year to No. 6 this year. Its revenue was $713.9 million for its fiscal year that ended June 30.
It is unclear what the sale of Mercy Hospital Hot Springs will mean for revenue next year. Mercy is selling its Hot Springs hospital to Capella Healthcare of Franklin, Tenn., which also owns National Park Medical Center in Hot Springs. The deal is expected to close by the end of the year.
On this year’s list of largest hospital and medical centers, 59 hospitals out of 91 reported a profit for their most recent fiscal year.
Paul Cunningham, executive vice president of the Arkansas Hospital Association, said that percentage of profitable hospitals is “pretty typical.” He also said that depending on when a hospital’s fiscal year ended, its balance sheet could have improved since then.
Several hospitals’ fiscal year ended June 30, 2011.
The hospital with the largest profit was Arkansas Children’s Hospital with $49.7 million for its fiscal year that ended June 30, 2011.
The hospital with the largest loss was Harris Hospital in Newport. It reported a loss of $9.1 million for a period that covered 13 months, July 1, 2010, through July 31, 2011.