Connect with us

Johns Hopkins All Children’s strengthens financials

May 17, 2021 - Johns Hopkins All Children's Hospital reported $23.3 million in net income from operations for the three months ended March 31, compared to a $14.2 million loss in the same period a year ago. The turnaround at the 259-bed St. Petersburg pediatric hospital was due in part to an increase in federal CARES Act funding and increased net patient revenues due to a higher collection rate, according to a report from parent organization Johns Hopkins Health System.. The report also cited lower personnel costs due to a reduction in full-time equivalent workers and lower medical supply costs due to decreased volumes. Operating revenue for the three months ended March 31, the third quarter of the fiscal year, was $141.9 million, compared to $122.6 million a year ago.

More Zaps Frontpage

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us:

Subscribe for Free

Share with friend

Please enter email address you want to share this article with