Springfield medical center makes top 10 most-profitable U.S. hospitals list; CareOregon gets a $730,000 grant for long-term care.
Sacred Heart Medical Center at RiverBend ranked no. 9 on a list of the nation’s top 10 most-profitable hospitals.
The “Top 10” list accompanies a study published Monday in the journal Health Affairs. The analysis is based on federal data from 2013 on nearly 3,000 hospitals. The authors measured profits using net income from patient care services, disregarding other income such as investments, donations and tuition. Researchers say the measure reflects how hospitals fare from their core work, without income from other activities.
According to the report, Sacred Heart Medical Center at RiverBend earned $171.2 million in profit from patient services in 2013. The Springfield hospital’s profit was $2,479 per adjusted patient discharge.
(READ MORE: Register Guard)
CareOregon landed a $730,000 grant.
The grant comes courtesy of the state’s health department, which wants to examine strategies for treating older residents.
(READ MORE: Portland Business Journal)
RELATED NEWS: Moda raises $115M more in capital; LifeWise to exit health insurance market; OHSU to help launch a $50M health-ed center in Klamath Falls.
