Table 3.

Total Hospital Margins and Financial Reserves by Cohort

Financial CharacteristicCOTH (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, %4.55.56.25.05.2
1998 total margin, %2.82.94.72.52.9
1999 total margin, %2.12.64.92.12.5
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 $30,025,52417,882,66724,913,42420,480,33021,151,822