In FY05, statewide average total and operating margins reached their highest levels since FY94, when PHC4 began publicly reporting these measures for all hospitals. The growth in FY05 financial margins was driven by a 90 percent increase in operating income.
More Quotes from Marc Volavka:
The drop in mortality is a tribute to Pennsylvania's top-notch surgeons and hospitals, as well as further evidence that public reporting works. The next frontier should be to reduce readmissions associated with infections, particularly hospital-acquired infections.Marc Volavka
At least some in the purchaser community, who have been paying 20 percent and 25 percent increases in their health insurance premiums, will take notice of this rising tide.
Marc Volavka
Heart bypass patients with hospital-acquired infections were more likely to die, be readmitted and have longer lengths of stay than those patients without infections.
Marc Volavka
Everybody who goes into a hospital is at risk because the hospitals don't have the process and systems in place to prevent infections.
Marc Volavka
There are still a significant number of hospitals ... that are not benefiting from the overall increase in revenue.
Marc Volavka
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