Tampa General margin shrinks in Q1
January 29, 2020 - Tampa General Hospital reported $8.66 million in operating income for the three months ended Dec. 31. That was nearly 23 percent less than the $11.2 million in operating income the hospital reported in the same period a year ago, according to documents filed for bondholders. Operating revenue was $369.6 million for the just-ended first quarter of fiscal year 2020, up 7.6 percent compared to a year ago, but expenses jumped by 8.6 percent. The hospital's excess margin, typically used by hospitals cover investments in new technology and equipment, shrunk to 4.4 percent for Q1 2020, compared to 5.1 percent a year ago. Tampa General's parent company, Florida Health Sciences Center Inc., reported a 2.6 percent margin for Q1 2020, compared to 3.4 percent in Q1 2019.