Poor Patients Generate 24% Profits
Hard Times at Broward Health - Not!
NOTE: Place tongue firmly in cheek while reading the following.
The past ten years have seen Broward Health property tax revenues fail to match the 60% increase in indigent patient care costs.
This has sparked a dramatic decline in profit margins generated by the health care District's tax-funded indigent care programs.
In 2000, Indigent Care netted a 36% profit for the District.
But by 2010, the District's profit from indigent care had sunk to a mere 24%.
All of which calls for a great flood of crocodile tears by District administrators.
Anyhow...
Here's what happened:
North Broward Hospital District
Indigent Patient Care Trends
Per Adjusted Admission
2000 2010 26% CPI
Gross Charge $19.823 $31,850 60%
Tax Reimbursement $12,548 $16,021 28%
Reimbursement Rate 63.3% 50.3%
Cost of Care ($5,352) ($8,400) 57%
% of gross charges 27.0% 26.4%
Indigent Care Surplus $7,198 $7,621 7%
Profit Margin 36.3% 23.9%
Source: Broward Health Department of Financial Management
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