Issue link: https://beckershealthcare.uberflip.com/i/490072
28 Financial Management Universal Health Services Q4 Net Income Soars 39% on Higher Volume By Ayla Ellison K ing of Prussia, Pa.-based Universal Health Services reported net income of $172.8 million for the fourth quarter of fiscal 2014, up 38.8 percent from $124.5 million for the same period of the prior year. UHS net revenue for the quarter ended Dec. 31, 2014, was $2.1 billion compared to $1.8 billion during the fourth quarter of fiscal 2013. The increase was attributable partially to $11 million of ad- ditional revenues recorded in connection with the Texas Delivery Service Reform Incentive program. For the full fiscal year 2014, UHS posted net income of $545.3 million, up from $510.7 million for the full 2013 fiscal year. The for-profit hospital operator's revenues for FY 2014 increased 10.7 percent to $8.1 billion compared to $7.3 billion during fiscal 2013. Higher patient volume attributed to the boost in UHS' finances in FY 2014. Same-facility adjusted admissions at UHS acute-care hospitals increased 3.1 percent, as compared to the preceding year. UHS attributed its increased operating performance at its acute-care facilities in 2014 to improved economic conditions as well as a decrease in the number of uninsured patients treated at its hos- pitals due to the Patient Protection and Affordable Care Act. For FY 2015, UHS estimates its net revenues will be approximately $8.7 to $8.8 billion. n BJC HealthCare Operating Surplus Jumps 59% By Ayla Ellison B JC HealthCare, a nonprofit system based in St. Louis, posted an operating surplus of $232.5 million for fiscal year 2014, up from $146 million in fiscal 2013. The system's revenue rose to $4.1 billion in fis- cal 2014 compared to $3.9 billion in the previous fiscal year. Net patient service revenue grew from $3.8 billion in FY 2013 to $3.9 billion in 2014. BJC's expenses for FY 2014 were up 2.8 percent from 2013. However, the system's labor-related costs were down slightly in fiscal 2014. Due to in- terest-related expenses, the system's total surplus for fiscal 2014 was down, falling to $269.6 million from $490.5 million in fiscal 2013. n Improve patient safety with Xenex Germ-Zapping Robots ™ . xenex.com | 888 299 1914 | @XenexDisinfect 1. Levin J, et al., Cooley Dickinson in AJIC 2013, 41:746-748. 2. Simmons S, et al., Cone Health System in JIP 2013. 3. Stibich M, et al., M.D. Anderson Cancer Center in ICHE 2011, 32:286-288. The ONLY UV Disinfection Technology shown in peer reviewed studies to reduce HAIs. Peer reviewed patient outcomes: 53% Reduction in C.diff infection rates 1 57% Reduction in MRSA infection rates 2 100% Elimination of VRE in isolation rooms 3 " It's the fastest and most powerful technology available." Lynn Grudzielanek Senior VP of Operations Wheaton Franciscan Hospital XEN6933.BeckersAnnualConference.PRINT.indd 1 6/03/2015 10:20 am