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Central Peninsula Hospital reports higher revenue, expanded services and increased uncompensated-care spending
Summary
Hospital CEO reported year-to-date gains in gross and net patient revenue, rising uncompensated care and plans to expand behavioral-health and clinic services; the hospital introduced administrative changes and encouraged residents to use a community benefits program.
Central Peninsula Hospital reported stronger year-to-date revenue and several service expansions at the Kenai Peninsula Borough Assembly meeting on June 8, saying the hospital has increased access to behavioral-health and chronic-care services while uncompensated-care figures rose.
Sean Keith, chief executive officer of Central Peninsula Hospital, told the Assembly gross patient revenue for the nine-month period reached about $544 million, up from about $475 million the prior year, and net patient revenue was roughly $200 million compared with $184 million the prior year. Operating income for the period was reported at about $18.7 million, and the hospital’s net result after depreciation and non-operating items was about $9 million.
Keith said the hospital has put resources into new clinics and programs, including a mental-wellness clinic and a diabetes clinic, and has increased health-care access through recruitment of primary-care and specialty…
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