Table 1. Hospital Characteristics and Financial Performance in 2008 and 2012.
| 2008, n = 279 | 2012, n = 278 | |
|---|---|---|
| Hospital characteristics | ||
| Teaching, n (%) | 28 (10.0) | 28 (10.0) |
| Rural, n (%) | 55 (19.7) | 55 (19.7) |
| Bed size, n (%) | ||
| 0–99 (small) | 57 (20.4) | 55 (19.8) |
| 100–299 (medium) | 130 (46.6) | 132 (47.5) |
| >300 (large) | 92 (33.0) | 91 (32.7) |
| Safety-net hospital, n (%)* | 46 (16.5) | 48 (17.3) |
| Hospital ownership, n (%) | ||
| City or county | 15 (5.4) | 16 (5.8) |
| District | 42 (15.1) | 39 (14.0) |
| Investor† | 66 (23.7) | 66 (23.7) |
| Private nonprofit | 156 (55.9) | 157 (56.5) |
| Medicare caseload, mean % (SD) | 41.6 (14.7) | 43.6 (14.7) |
| Financial performance measures | ||
| Net revenue from operations, median $ in millions (IQR; range) | 1.6 (−2.4 to 10.3; −495.9 to 144.1) | 3.2 (−2.9 to 15.4; −396.2 to 276.8) |
| Operating margin, median % (IQR; range) | 1.5 (−4.6 to 6.8; −77.8 to 26.4) | 2.3 (−3.9 to 8.2; −134.8 to 21.1) |
| Total margin, median % (IQR; range) | 2.5 (−2.2 to 7.5; −101.0 to 26.3) | 4.5 (−0.7 to 9.8; −132.2 to 31.1) |
NOTE: Abbreviations: IQR, interquartile range; SD, standard deviation.
*
Medicaid caseload equivalent to ≥1 standard deviation above the mean (≥41.8% for 2008 and ≥42.1% for 2012).
†
Operated by an investor-individual, investor-partnership, or investor-corporation.