Cincinnati Children’s Revenue Tops $1.8B
As reported in this week’s Business Courier, Cincinnati Children’s annual report shows the hospital posted $1.85 billion in operating revenue in fiscal 2012. That’s up nearly 9 percent from the year before.
The improvement comes as Cincinnati Children’s adopts new models for serving children in Greater Cincinnati, and through highly specialized programs from all over the world, according to the report.
Regarding treatment of children from the region, the annual report says the hospital will “shift from a system focused on delivering medical services to a new model that empowers children and families to take charge of their own health.”
Drawing patients from diverse geographies for specialized care requires offering something unique.
“To succeed,” according to the report, “we must differentiate our services from the national and global market and establish Cincinnati Children’s as the destination of choice for highly specialized care.”
2012 net patient service revenue was $1.29 billion, up 11 percent from the year before. Research grants totaled $149.9 million, down from $153.9 million in 2011.