2009 — A Year in Review


Cottage Health System Finances 2009

 

 

Capital Expenditures:
Investing in Tomorrow's Health Care

 

As a not-for-profit organization owned by the communities it serves, Cottage always reinvests the margin back into its hospitals for patient services, programs and new construction. More than $125 million alone was invested last year in the rebuilding projects for our hospitals.

 

In addition, we installed cutting edge diagnostic technology in the cardiac catheterization laboratory at SBCH, and precision-imaging equipment to enhance neurosurgical procedures in our operating rooms. Digital mammography was added at the Breast Care Center at GVCH, and we began purchasing the medical/surgical beds that will be used in our new hospitals. Significant capital, too, went toward the new security system now in place at all three facilities, and is earmarked toward continued improvement in information systems for the future.

 

 

 

2009

2008

Net Revenue
$536 million $476 million
     

Expenses *

    including uncompensated
    and charity care

$477 million

 

$14.5 million

$412 million

 

$9.9 million

     
Operating Margin $59 million $64 million

 


* 2009 Expenses
2009 Patients