Inspira Medical Center posts operating profit
Inspira Medical Center Woodbury Inc. last year had its first operating profit since 2010, the hospital reported Monday. The Woodbury facility, which is part of Inspira Health Network, had an operating gain of $2.69 million last year, up from a loss of $4.57 million in 2014, on strong outpatient revenue, Inspira said.
Inspira Medical Center Woodbury Inc. last year had its first operating profit since 2010, the hospital reported Monday.
The Woodbury facility, which is part of Inspira Health Network, had an operating gain of $2.69 million last year, up from a loss of $4.57 million in 2014, on strong outpatient revenue, Inspira said.
Inspira said that Woodbury did better than budgeted in outpatient surgeries, physical therapy visits, diagnostic radiology procedures, cardiac catheter laboratory cases, and emergency room visits.
The turnaround came as Inspira has been working on a plan to build a replacement hospital for the 305-bed Woodbury facility, which would likely be used for outpatient treatments, emergency services, and offices.
Inspira Woodbury, which became part of the former South Jersey Health System in 2012, had $181.3 million in total revenue last year, up from $170.6 million in 2014.
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