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February 11, 2005
Nevada hospital profits down
By BRENDAN RILEY The operating revenue profit shown in the report Friday from the state Health Care Financing and Policy Division is down 31 percent compared with the $87.1 million made by the hospitals in the prior fiscal year. The latest report shows the "Big Six" hospitals in Las Vegas and Reno had $22.6 million in operating revenue profit. Small urban hospitals made a combined $28.5 million, and rural hospitals made $9.2 million. "Net operating revenue" represents the money made or lost in day-to-day hospital operations, and is viewed as a gauge of management abilities. The latest figures, for the fiscal year that ended last June, show that the most profitable hospital in the state was Washoe Medical Center in Reno, accounting for $21.1 million of the total net operating revenue for "Big Six" hospitals. Next in line were Valley Hospital Medical Center in Las Vegas, at $13.9 million; Desert Springs Hospital in Las Vegas at $750,037; and Sunrise Medical Center, also in Las Vegas, at $245,449. Saint Mary's Regional Medical Center in Reno had a $5.8 million loss; and University Medical Center in Las Vegas, the county facility, showed a loss of $7.6 million. The net operating revenue income or loss for Nevada's small urban and rural hospitals includes: € Southern Nevada: $341,512 loss for Boulder City Hospital; $9.9 million gain for MountainView Hospital; $1.2 million loss for North Vista Hospital; $8.4 million increase for Summerlin Hospital Medical Center; a $7.7 million loss for Spring Valley Hospital Medical Center; an $11.5 million loss for Southern Hills Hospital Medical Center; and a $754,157 loss for Rose de Lima Campus and an $18.9 million net for Siena Campus. Both are part of St. Rose Dominican Hospital. € Northern Nevada: $4.3 million increase for Carson-Tahoe Hospital; a $10.9 million gain for Northern Nevada Medical Center; a loss of $2.1 million for Washoe Med's South Meadows hospital; and a loss of $223,572 for Incline Village Health Center. € Rural: A $58,571 decline for Nye Regional Medical Center in Tonopah; decrease of $1.3 million for Battle Mountain General; $2.2 million gain for Churchill Community Hospital in Fallon; a $785,989 gain for Carson Valley Medical Center in Gardnerville; a $1.1 million decrease for Grover C. Dils Medical Center in Caliente; a $376,379 slump for Humboldt General in Winnemucca; a $122,659 gain for Mount Grant General in Hawthorne; a $10 million gain for Northeastern Nevada Regional Hospital in Elko; a $804,117 slump for Pershing General in Lovelock; a $366,621 gain for South Lyon Medical Center in Yerington; and a $42,721 increase for William B. Ririe Hospital in Ely. On the basis of operating revenues, 15 of the 30 hospitals listed in the report showed year-to-year declines. When revenue from other, non-operating sources is added in, only nine hospitals showed net income losses. That included seven rural or small urban hospitals and two of the "Big Six" hospitals - Desert Springs and Saint Mary's. Money from non-operating sources includes government subsidies, investment income, donations or rents. |
