The overall financial picture for Pennsylvania’s hospitals is mixed, with tighter operating margins and uncertainties over the full impact of the federal health reform law.
The Pennsylvania Health Care Cost Containment Council saw a decline of more than 1% in the statewide total margin for the 171 General Acute Care hospitals for fiscal year 2012. The decline was due in part to lower non-operating income, primarily from investments.
PHC4 Executive Director Joe Martin says they also saw an increase of more than 6% in uncompensated care. He says the number has pushed past the one billion dollar mark.
Larger hospitals experienced relatively healthy operating margins in the last fiscal year, but the report found some trouble spots at smaller and midsized hospitals.
The full report is available at the council’s website.