![]() Luke's treats more than 77,000 patients annually through a comprehensive range of services. It is one of the region's most patient and family-centered hospitals, delivering innovative care to communities in the tri-state area including Iowa, Nebraska and South Dakota and providing a variety of services. Luke's Regional Medical Center is a 158-staffed bed hospital and a member of UnityPoint Health. Luke's Regional Medical Center - Sioux City Hospital 'And to be able to do that, we have to operate profitably,” he said.St. Likewise, to be able to achieve high quality of care and patient satisfaction, a hospital must invest in top doctors and equipment, Aunan said. Luke's Hospital.Īnd also like Mercy, he said the hospital had to invest heavily in its electronic medical record system. This has a negative effect on expenses because, while the surgery costs less, the surgical supplies don't, said Milt Aunan, chief financial officer of St. Luke's is seeing higher outpatient volumes than inpatient volumes. On the other hand, its expenses also grew faster than the industry average, rising 7.8 percent, from $332 million in 2011 to $358 million in 2012.Īs with Mercy, St. ![]() Luke's serves as the mail-order pharmacy for UnityPoint, which means the hospital has a higher volume than most. Tax documents show that pharmacy revenue grew 11 percent, from $79 million to $87 million, between 20.Īunan said two factors have contributed to this growth - advances in health care mean more patients are being prescribed better drugs to treat concerns such as cancer and heart disease, as well as the fact that St. One large area of growth is the hospital's pharmacy services. The hospital reported revenues of $375 million in 2012, up from $352 million in 2011. Luke's revenues also are growing faster than the industry average - increasing 6.7 percent between 20, according to its 990 tax forms. Luke's begins to build a 10,000-square-foot radiation therapy facility that the hospital hopes to have open in late 2015. UnityPoint's access to capital and its solid credit rating will come in handy when St. ![]() You will begin to receive our Daily News updates. Add your contacts. It said that in 2013 UnityPoint posted an operating margin of 9.9 percent. 'Our debt has regular repayment schedules and we have more than sufficient cash flow to make those payments.”īecker's Healthcare, which provides information of the health care industry, including Becker's Hospital Review, listed UnityPoint Health among its 21 hospitals and health system with strong finances. 'Having some debt on the balance sheet is not a bad thing,” he said. Johnson said the amount of debt is appropriate for an organization the size of UnityPoint Health, which has an annual revenue base of about $3.6 billion and total assets of about $4.8 billion. Visit us at /careers to hear more from our team. Moody's commented that it was concerned over the January acquisition of Madison, Wis.-based Meriter Health Services and its Physicians Plus Insurance Corp., which it downgraded last September.īut Johnson said that Physicians Plus, which is now a direct subsidiary of UnityPoint Health, has a plan to improve its financial performance.Īs a whole, the system has $934 million of outstanding debt. UnityPoint Health - Allen Inpatient Therapy + Culture - At UnityPoint Health, you matter. 'This may not be the case for a stand-alone facility that gets into financial difficulties.”
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