The Denver Post
May 30, 2013
Colorado hospital profits are soaring despite overall turbulence and uncertainty in the health care marketplace, according to a new analysis of competition in the state.
Colorado's HMOs also had strong profits and added tens of thousands of new members as they enjoyed growth in managing Medicare patients, said the report by Allan Baumgarten, a national health finance analyst.
Denver-area hospitals have seen profits grow for the past 10 years and reached $774.6 million in net income as a group in 2011, the last year of full figures, said Baumgarten's Colorado Health Market Review. That income was a margin of 12.3 percent of net patient revenues of $6.3 billion for the Denver metro hospitals, the report said.
Find out what health care economists say many hospitals have benefited from by reading the full article here.
