Orthopedic Hospital Posts Remarkable Profits; with Few Patients On Medicaid, Earnings Soar
The Milwaukee Journal Sentinel › June 27, 2006
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Summary
The Orthopaedic Hospital of Wisconsin made nearly 52 cents in profit on every dollar it took in last year, making it the most profitable hospital and maybe one of the most profitable businesses in the Milwaukee area.
The specialty hospital's 52% profit margin in an industry that typically aims for margins of 3% to 6% shows that orthopedics can be one of the most lucrative services offered by a hospital.See the full content of this document
Extract
Orthopedic Hospital Posts Remarkable Profits; with Few Patients On Medicaid, Earnings Soar
It also suggests the money to be made in health care when a hospital has few patients enrolled in Medicaid and similar programs and provides little charitable care. This is a frequent criticism of specialty hospitals.
The Glendale hospital, jointly owned by Columbia St. Mary's and doctors, also shows the efficiency that can be gained by specializing."Specialization has worked in other areas," said ...See the full content of this document
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