Saturday, August 20, 2011

South Florida Hospitals: Financial, Quality Results Revealed

Based on a recent South Florida Business Journal Report, the five largest hospital operators in the region are Baptist Health South Florida, Tenet, HCA, Memorial Healthcare System and Jackson Memorial Hospital.  See chart:  Largest S. FL Hospital Operators.  The top five all boasted net operating revenues in excess of $1 billion in fiscal year 2010.  The top four all earned an excess of revenue over expenses (i.e. profits) in the 3-7% range.  Jackson suffered a loss of $34.4 million versus $1.14 billion in revenue.  SFBJ notes that Jackson's loss has narrowed by 80.7% when compared to 2009. 

Meanwhile, U.S. News & World Report just released its Best Hospitals Report.  To learn about their methodology, click HERE.   This is the top five in South Florida according to USN&WR:

  • University of Miami, Jackson Memorial Hospital
  • Cleveland Clinic Florida
  • Mount Sinai Medical Center
  • Bascom Palmer Eye Institute (UM Health System)
  • Baptist Hospital of Miami 
To their credit, some operators occupy both lists. After all, how can one continue to deliver top quality without also delivering strong financial results? Interestingly (and perhaps ominously), there are no for profit entities occupying the top five quality list. 

See the rankings in your community by clicking here:  U.S. News & World Report: Top FL Hospitals
  

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