Current | |||
Year | |||
Hospital | |||
Operating | |||
Income | Current | ||
Divided By | Year | ||
Total | Hospital | ||
Operating | Operating | ||
Revenues | Income | ||
mil $s | |||
UCLA Medical Center | CA | 15.93% | 274 |
NYU Hospitals Center | NY | 12.52% | 249 |
Shands Teaching Hospital & Clinics | FL | 10.50% | 114 |
University North Carolina Hospital Chapel Hill | NC | 10.21% | 121 |
Duke University Health System | NC | 9.60% | 238 |
OhioHealth | OH | 9.27% | 229 |
Baptist Health South Florida | FL | 9.24% | 213 |
University Chicago Medical Center | IL | 9.22% | 119 |
University California San Francisco | CA | 9.21% | 174 |
Scripps Health | CA | 9.09% | 233 |
When you look at the above list, the thing that sticks out is that 7 of the top 10 are Teaching Hospitals.
A key reason why 7 of the top 10 with the highest Hospital Operating Income as Percentage of Total Operating Revenues are Teaching Hospitals is that the US Government gives substantial subsidies to these Teaching Non-Profit Hospitals.
Many companies in the private sector would just love to have a bottom line Net Income as a Percentage of Total Operating Revenues of 9.00%. There are so many that don't.
My recommendation here is for the US Government to significantly reduce the annual subsidies that it gives to Teaching Hospitals. This is a much fairer way to reduce US Government Spending than to cut Medicare, Medicaid and Social Security Benefits.