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Central Peninsula Hospital reports higher volumes, rising uncompensated care and staffing additions
Summary
Hospital executives told the borough assembly FY25 patient volumes and charges rose but net income fell by about $11.8 million; uncompensated care increased while cash reserves rose slightly and the hospital is expanding behavioral‑health staffing and mobile‑crisis capacity.
Central Peninsula Hospital (CPH) officials presented unaudited fiscal-year 2025 results to the Kenai Peninsula Borough Assembly on Oct. 28, reporting higher patient volumes and charges but lower net income driven by increased operating expenses and contract staffing.
Carl Hertz, CPH chief operating officer, introduced the presentation and handed detailed financial figures to Angela Hennigan, the hospital’s chief financial officer. Hennigan said gross patient charges rose roughly 11% year over year (FY25 vs. FY24) while net patient service revenue — the amount the hospital expects to collect — increased about 7%. "We collected about 37¢ on the dollar in FY25, down from about 39¢ in FY24," Hennigan said, noting a…
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