A new interactive data tool shows the public the financial state of California hospitals, launched by the Office of Statewide Health Planning and Development (OSHPD).
OSHPD’s data tool, Statewide Hospital Financial Trends 2006-2010, used audited annual data reported in the five-year period. The tool allows users to view charts displaying data regarding financial performance, revenue and expenses, labor costs and staffing, capacity and utilization, and hospital characteristics.
"Evaluating the financial picture of California’s hospitals is especially important as California works to implement the Affordable Care Act," said OSHPD Director Robert P. David in an OSHPD press release.
The report showed important trends in California hospitals. Between 2006 and 2008, hospital operating margins averaged about $339.8 million; however, this significantly increased to an average of $1.58 billion in 2009 and 2010.
Another important finding was that city and county hospitals provided more uncompensated care compared to investor and non-profit hospitals.
