Contact: Gary Tuma, Director of Communications
Harrisburg, PA - November 15, 2011 - The financial health of Pennsylvania’s non-general acute care facilities improved in Fiscal Year 2010 (FY10) over the prior year, according to a report released today by the Pennsylvania Health Care Cost Containment Council (PHC4.)
The four types of hospitals included in Financial Analysis 2010, Volume Three – rehabilitation, psychiatric, long term acute care, and specialty – all experienced increases in their average statewide operating margins, and in average statewide total margins, during the fiscal year that ran from July 1, 2009 through June 30, 2010. In each case, the margins were positive.
“The hospitals featured in this report play a vital role in Pennsylvania’s overall health care system. Their current financial picture indicates that they are well positioned to continue serving the patients who rely on them for particular kinds of treatment,” said Joe Martin, executive director of PHC4.
Financial Analysis 2010, Volume Three is the final report for 2010 in PHC4’s series on the financial health of Pennsylvania’s medical facilities. Volume One, released in May 2011, contained financial data on the state’s general acute care hospitals. Volume Two, released in September, concentrated on the state’s ambulatory surgery centers.
Following are Volume Three report key findings:
The Pennsylvania Health Care Cost Containment Council is an independent state agency charged with collecting, analyzing and reporting information that can be used to improve the quality and restrain the cost of health care in Pennsylvania. Copies of Financial Analysis 2010, Volume Three are free and available on the Council’s website at http://www.phc4.org.