Hospital growth continues 10-month 'surplus' is $1.1 million

June 03, 1993|By Staff Report

Carroll County General Hospital revenue exceeded expenses by $1.1 million in the 10 months from July 1, 1992 to April 30, the hospital's financial officer reported.

The figure represents a 3 percent margin on revenues of $38.7 million, "in business terms, relatively modest," Kevin Kelbly, vice president for finance, told the Carroll County Health Services Corp. Tuesday. The corporation is the nonprofit parent of the hospital system, which includes the hospital, the Carroll County General Hospital Foundation and Carroll County Med-Services.

The hospital is in the fourth year of sustained growth, Mr. Kelbly said. Bed occupancy rates averaged 88 percent during the last 10 months, a 3 percent increase over the corresponding period last year.

Mr. Kelbly said the local hospital's occupancy rate is the highest of Maryland's 53 hospitals this year. In March, occupancy was at or near 100 percent, which means the hospital was full nearly every day.

The financial officer attributed the growth to an effort by the hospital administration to attract more physicians, the addition of services and population growth in the county.

Med-Services, the profit-making health services corporation, reported a $1.5 million profit on $40.3 million in revenue in the 10 months since the current fiscal year began July 1.

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