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FY 2011 Audit Shows Hospital's First Profitable Year in a Decade
Washington, D.C. – Today, Councilmember David A. Catania (At-Large) congratulated the executive leadership team, staff, and board of United Medical Center (UMC) on the release of the District’s fiscal year 2011 Comprehensive Annual Financial Report (CAFR) showing a net operating income of $2.5 million. It is the first time in a decade that the hospital generated a positive net income. UMC operates as an independent District instrumentality and functions by generating its own revenue.
“The progress United Medical Center has made in the past year is tremendous,” said Councilmember Catania. “It is truly remarkable that this institution, one that has endured a decade of financial hardship and changes in ownership, has now generated an operating profit while consistently improving quality of care and expanding health care offerings. I congratulate the hospital’s administration and staff for their commitment to excellence. It is through their hard work that we can see substantial progress at United Medical Center.”
The strong financial performance in FY 2011 is carrying over to the first quarter of FY 2012. Acute medical/surgical admissions are up 8%, psychiatry volume is up 23%, births at the hospital are 15% higher, and the overall hospital census has grown 18% in the first quarter of FY 2012 as compared to the same period last year. Outpatient growth is even more impressive. The adult emergency department saw a 16% increase in volume, radiology volume was up 30%, and outpatient clinics are averaging over 1,000 visits per month, a 46% increase year over year.
United Medical Center is the only hospital located east of the Anacostia River. UMC was near bankruptcy in 2007 when the District assisted in its sale with $79 million of grants and loans. Since its sale on November 7, 2007, UMC has made major improvements in quality of care, customer service, and patient safety. UMC’s leadership team has replaced most patient care diagnostic, monitoring, and therapeutic equipment.
In September 2010, Children’s National Medical Center opened a $14 million pediatric emergency room on the campus. UMC and Washington Hospital Center (WHC) recently renewed their agreement for WHC doctors to supplement and enhance the obstetrics and gynecological services at the hospital. In March, a new clinic specializing in HIV/AIDS opened on the UMC campus.
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