Total Hospital Margins and Financial Reserves by Cohort
Financial Characteristic | COTH (n = 192) | Non-COTH (n = 521) | Family Practice Single Residency (n = 108) | Multiple Residency (n = 605) | All Hospitals (n = 713) |
---|---|---|---|---|---|
COTH = Council of Teaching Hospitals and Health Systems. | |||||
1996 total margin, % | 4.5 | 5.5 | 6.2 | 5.0 | 5.2 |
1998 total margin, % | 2.8 | 2.9 | 4.7 | 2.5 | 2.9 |
1999 total margin, % | 2.1 | 2.6 | 4.9 | 2.1 | 2.5 |
1996 vs 1999 total profit margin difference, % (relative change %) | −2.4 (−53.3) | 2.9 (−52.7) | −1.3 (−21.0) | −2.9 (−58.0) | −2.72 |
1996 hospitals with negative total margins, % | 30 (15.6) | 89 (17.l) | 12 (11.1) | 107 (17.7) | 119 (16.7) |
1998 hospitals with negative total margins, % | 58 (30.2) | 158 (30.3) | 23 (21.3) | 193 (31.9) | 216 (30.3) |
1999 hospitals with negative total margins, % | 67 (34.9) | 181 (34.7) | 30 (27.8) | 218 (36.0) | 248 (34.8) |
Financial reserves, mean $ | 30,025,524 | 17,882,667 | 24,913,424 | 20,480,330 | 21,151,822 |