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For the Redding Medical Center, which has become one of Tenet's most profitable hospitals because of its high volume of cardiac procedures, the figure was 42percentt.
The government has notified Tenet Healthcare that it will hold proceedings to bar what had once been one of its most profitable hospitals from federal health care programs, the company announced yesterday.
Forbes' first-ever survey of America's most profitable hospitals reveals that some American hospitals make 25 cents or more for every $1 in patient revenue they take in.
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On average, the total profit margin is 2.74% with the most profitable hospital making $25.9 net income out of $100 revenue.
Some hospitals are described in the suits as being among the most profitable hospital systems in the nation with hundreds of millions, even billions, in assets and revenue.
The most profitable hospital in the country, 235-bed Flowers Medical Center in Dothan, Ala., recorded an incredible 53% operating margin.
St . Lukes, in Cedar Rapids, which is known for its top-flight cardiac care, is the fourth most profitable hospital in the country with a 36% margin.
When he was named president in 1991, CPC was the nation's most profitable psychiatric hospital operator.
Responding to complaints from the health sector and voters' anxiety about "privatisation by the back door", the government has pledged changes to stop private companies "cherry-picking" the easiest or most profitable cases, leaving NHS hospitals the expensive conditions and the cost of training doctors.
Money has also been spent renovating the most profitable wing of the hospital -- the suite of offices and examining rooms that comprise the department of Orthopedics.
Therefore, long-term care hospitals are most profitable if most patients are discharged at or just after their 25th day, with a few discharged earlier.
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