Last year, 23 of CT’s 28 hospitals
and half the 20 health
systems made money last year. Collectively, CT’s 28 hospitals’ net margins
(profits) totaled $877,878,858 last year. The biggest total winners were
Dempsey/UConn at $286 million and Yale-New Haven netting $160 million. Waterbury
Hospital lost the most money -- $16.5 million or 7.6% of revenue. As a percent
of revenue, Dempsey was also the biggest winner at 43.3% of revenue as
profit/margin. Sharon Hospital lost the most as a percent of revenue (-35.5%),
but most of that was non-operating revenue losses. CT’s 20 health systems
collectively netted slightly more than hospitals at $910, 016,203. Biggest
winners were Yale-New Haven (again) netting $150 million and Hartford at $207
million. Yale (12.5%) and Dempsey (11.2%) also led health systems in
profits/margin as a percent of revenue. Waterbury again lost the most at $31
million total, and Sharon lost the most as a percent of revenue at -30.7% but
again, that was mainly due to non-operating expenses. More financial data on CT
hospitals and health systems is available here.
