Hospitals Have Mixed Year as Profits for Some Dip
FEBRUARY 10, 2014
Profits of 30 Biggest
Drop 7%, Revenue Up
By VITA REED
Orange County’s largest hospitals posted
mixed results on the profit side over the past
year or so.
The 30 largest hospitals’ pretax profits for
the 12-month period ended Sept. 30 fell 7%
to $520.7 million, according to state data and
Business Journal estimates.
That represented a big change from the
2013 Business Journal list, when hospitals
combined for a 39% increase in pretax profits.
But the list is ranked by net patient revenue,
and this year’s shows a 4% increase in that
category to $6.4 billion.
Data on pretax profits and net patient revenue comes in most cases from California’s
Office of Statewide Health Planning and Development. The Business Journal estimated
numbers for a pair
of hospitals.
Eleven hospitals
reported their profits increased over
the year, while 12
reported declines.
Five posted back-toback years of losses.
The Business Journal didn’t have figures for two hospitals.
Eighteen hospitals reported revenue increases, and 10 had declines. Two revenue
figures are estimates.
Hospital employment was virtually flat at
42,135 workers countywide.
■ UC Irvine Medical Center came in at
No. 1, dethroning longtime leader Hoag Memorial Hospital Presbyterian, which had
held the top spot for several years.
UC Irvine Medical’s net patient revenue
grew 12% to $790.8 million.
Its profit shot up 73% to $53.2 million.
It said its increased net income came primarily from increased hospital provider fees.
California’s hospital provider fee program
uses money assessed on hospitals by the state
to draw down federal matching funds, which
are then issued as supplemental payments to
hospitals that care for some of the state’s more
vulnerable residents.
■ Hoag, which has campuses in Newport
Beach and Irvine, had a 3% net patient revenue increase to $784.6 million. Its profit was
up 14% to $155.7 million.
■ St. Joseph Hospital-Orange returned as
the No. 3 hospital on the list in spite of declines in both net patient revenue and pretax
profits.
Its net patient revenue fell 3% to $540 million, and its profit took a steep tumble of 79%
to $12 million.
■ Children’s Hospital of Orange County
climbed three spots to No. 4. Its revenue grew
8% to $479.1 million, although its pretax
profit was down 7% to $34.7 million.
■ St. Jude Medical Center in Fullerton
ranked No. 5, down from No. 4 a year ago.
Its pretax profit fell 22% to $62.2 million,
and its net patient revenue was up 1% to
$464.6 million.
■ The Business Journal estimates that
Kaiser Permanente, which operates the
county’s largest health maintenance organization, had $450 million in net patient revenue.
The HMO, which has hospitals in Anaheim
and Irvine, historically hasn’t disclosed financial performance to the state. It ranked at No.
6.
■ No. 7, Mission Hospital, reported a 2%
net patient revenue decline to $446.4 million,
20
p
Local breaking news: www.ocbj.com
MemorialCare Health System,
returned to the No. 8 spot. The
hospital, which has campuses in
Laguna Hills and San Clemente,
reported that its net patient income was up 3% to $369.4 million. It posted a 1% pretax profit
hike to $37.4 million.
■ No. 9 Fountain Valley Regional Hospital & Medical
Center’s net patient revenue
rose 12% to $344.3 million. The
Tenet Healthcare Corp.-owned
UC Irvine Medical: hospital took over No. 1 spot on list
facility’s pretax profit fell 21%
and its pretax profit fell 46% to $31.8 million. to $19.8 million.
■ Orange Coast Memorial Medical CenMission’s figures also include Mission Hoster, also in Fountain Valley, rounded out the
pital Laguna Beach.
■ Saddleback Memorial Medical Center, top 10. Its net patient revenue was up 14% to
which is operated by Fountain Valley-based $273.1 million, and it showed a 75% pretax
ORANGE COUNTY BUSINESS JOURNAL 19
profit gain to $19.8 million.
■ The largest profit jump was that of No.
14, Garden Grove Hospital and Medical
Center. The Prime Health Corp.-owned
property’s pretax profit rose 10,904% to $23.4
million. Revenue at Garden Grove rose 49%
to $108.7 million.
Garden Grove Hospital spokeswoman
Kathleen Curran credited increased hospital
provider fees for her facility’s performance.
■ No. 17, College Hospital, a Costa Mesa
facility that offers psychiatric and general
acute-care services, had the largest revenue
jump. Its revenue rose 59% to $70.1 million,
its pretax profit 840% to $12.4 million.
■ The largest drop in pretax profit was at
No. 29, Newport Specialty Hospital, which
swung to a loss of $814,855 from a year-earlier profit of $1.2 million. ■
20 ORANGE COUNTY BUSINESS JOURNAL
Local breaking news: www.ocbj.com
FEBRUARY 10, 2014
HOSPITALS
Rank Hospital
Prev.
Rank
•Address
•Website
•Email
Net patient
revenue for 12
months ended
Sept. 2013
12-month pretax net income
(loss)
Previous pre- Patient
tax net income days
(loss)
•yearly %
Outpatient Licensed Employees Parent company
(full- and
visits
beds
part-time)
•yearly %
change
change
1
2
(1)
3
(3)
4
(7)
5
(4)
6
(6)
7
(5)
8
(8)
9
(9)
10
(10)
•Title
•Phone/fax
•yearly %
change
•yearly % change
(2)
Top local official(s)
UC Irvine Medical Center
101 The City Drive S.
Orange 92868-3201
ucirvinehealth.org
[email protected]
$790.8 million
11%
$53.2 million
109,535
0%
476,985
10%
411
4,400
5%
University of California
Hoag Memorial Hospital Presbyterian(1)
One Hoag Drive
Newport Beach 92658-6100
hoag.org
[email protected]
$784.6 million
3%
$155.7 million $136.2 million 102,459
-6%
374,448
1%
568
5,000
0%
Hoag Memorial Hospital Presbyterian Robert Braithwaite
CEO/president
(949) 764-4624
St. Joseph Hospital-Orange
1100 W. Stewart Drive
Orange 92868-3849
sjo.org
[email protected]
$540 million
-3%
$12 million
$57.6 million
76,895
-3%
299,961
5%
491
3,100
-18%
St. Joseph Health
Steven Moreau
CEO/president
(714) 633-9111
Children's Hospital of Orange County
1201 W. La Veta Ave.
Orange 92868-3874
choc.org
[email protected]
$479.1 million
8%
$34.7 million
$37.5 million
59,757
1%
198,025
-4%
279
3,198
2%
Children's HealthCare of California
Kimberly Cripe
CEO/president
(714) 997-3000
St. Jude Medical Center
101 E. Valencia Mesa Drive
Fullerton 92835-3875
stjudemedicalcenter.org
$464.6 million
1%
$62.2 million
$80 million
67,060
-11%
443,432
-6%
329
2,378
7%
St. Joseph Health
Lee Penrose
CEO/president
(714) 992-3909/(714) 992-3029
$450 million(3)
NA
wnd
wnd
95,000(3) 160,000(3) 350(3)
NA
NA
6,788
NA
Kaiser Permanente
Julie Miller-Phipps
executive director/senior VP
(714) 279-4100/(714) 279-5590
Kaiser Permanente Anaheim Medical Center(2) kaiserpermanente.org
3440 E. La Palma Ave.
Anaheim 92806-2020
$30.8 million
Terry Belmont
CEO
(714) 456-7890
Mission Hospital(4)
27700 Medical Center Road
Mission Viejo 92691-6426
mission4health.com
[email protected]
$446.5 million
-2%
$31.8 million
$59.7 million
84,321
-7%
187,152
3%
552
2,400
0%
St. Joseph Health
Kenneth McFarland
CEO/president
(949) 364-1400
Saddleback Memorial Medical Center(5)
24451 Health Center Drive
Laguna Hills 92653-3689
memorialcare.org/saddleback $369.4 million
3%
$37.4 million
$36.9 million
59,104
-7%
296,855
3%
325
2,251
-3%
MemorialCare Health System
Stephen Geidt
CEO
(949) 837-4500
Fountain Valley Regional Hospital &
Medical Center
17100 Euclid St.
Fountain Valley 92708-4043
fountainvalleyhospital.com
[email protected]
$344.3 million
12%
$19.8 million
$25.1 million
84,843
-3%
66,925
3%
400
1,631
1%
Tenet Healthcare Corp.
B. Joseph Badalian
CEO
(714) 966-7200/(714) 966-8039
Orange Coast Memorial Medical Center
9920 Talbert Ave.
Fountain Valley 92708-5153
memorialcare.org
$273.1 million
14%
$19.6 million
$11.2 million
46,373
-1%
76,218
6%
218
1,328
2%
MemorialCare Health System
Marcia Manker
CEO
(714) 378-7000/(714) 378-5513
Sources: Office of Statewide Health Planning and Development and the hospitals
Abbreviations: NA: not applicable; wnd: would not disclose
List may not be reprinted without permission of the editor
(1)
Includes Hoag Hospital Irvine
(2)
Includes Kaiser Permanente Irvine Medical Center
(3)
(4)
(5)
Business Journal estimate
Includes Mission Hospital-Laguna Beach
Includes Saddleback Memorial Medical Center-San Clemente
Researched by Dana Truong
22 ORANGE COUNTY BUSINESS JOURNAL
Local breaking news: www.ocbj.com
FEBRUARY 10, 2014
HOSPITALS
Rank Hospital
Prev.
Rank
•Address
•Website
•Email
Net patient
revenue for 12
months ended
Sept. 2013
12-month pre- Previous pre- Patient
tax net income tax net income days
•yearly %
(loss)
(loss)
Outpatient Licensed Employees Parent company
visits
beds
(full- and
•yearly %
part-time)
change
change
•yearly %
change
•yearly % change
11
(11)
12
(12)
13
(13)
14
(17)
15
(14)
16
(15)
17
(24)
18
(16)
19
(18)
20
(21)
Top local official(s)
•Title
•Phone/fax
AHMC Anaheim Regional Medical Center
1111 W. La Palma Ave.
Anaheim 92801-2804
anaheimregionalmc.com
$205.2 million
3%
$12.1 million
$14.8 million
51,661
-5%
68,573
-1%
223
1,317
-2%
AHMC Healthcare Inc.
Patrick Petre
CEO
(714) 774-1450
Los Alamitos Medical Center
3751 Katella Ave.
Los Alamitos 90720-3164
losalamitosmedctr.com
$191.2 million
2%
$16.6 million
$25.7 million
42,141
-3%
84,808
-3%
167
976
-12%
Tenet Healthcare Corp.
Michele Finney
CEO
(562) 598-1311/(562) 493-2812
Western Medical Center Santa Ana
1001 N. Tustin Ave.
Santa Ana 92705-3502
westernmedicalcenter.com
[email protected]
$157.3 million
-1%
($16.6 million) ($1.7 million) 34,862
1%
39,421
-1%
228
1,197
-11%
Integrated Healthcare Holdings Inc.
Daniel Brotman
CEO
(714) 953-3500/(714) 953-3613
Garden Grove Hospital & Medical Center
12601 Garden Grove Blvd.
Garden Grove 92843-1959
gardengrovehospital.com
[email protected]
$108.7 million
48%
$23.4 million
$212,999
23,646
4%
35,789
-1%
167
490
1%
Prime Healthcare Services Inc.
Sofia Abrina
regional administrator, chief
nursing officer
(714) 537-5160/(714) 590-9877
West Anaheim Medical Center
3033 W. Orange Ave.
Anaheim 92804-3156
westanaheimmedctr.com
[email protected]
$98.4 million
16%
$10.8 million
$6.5 million
31,304
-9%
66,390
3%
219
832
3%
Prime Healthcare Services Inc.
Virg Narbutas
regional CEO
(714) 827-3000/(714) 229-6813
Placentia-Linda Hospital
1301 N. Rose Drive
Placentia 92870-3899
placentialinda.com
$84.1 million
4%
$12.7 million
$14.3 million
11,793
-2%
43,959
5%
114
485
4%
Tenet Healthcare Corp.
Kent Clayton
CEO
(714) 993-2000/(714) 961-8427
College Hospital Costa Mesa
301 Victoria St.
Costa Mesa 92627-1995
collegehospitals.com/coshome
$70.1 million
59%
$12.4 million
$1.3 million
39,635
4%
18,522
7%
122
424
NA
College Health Enterprises
Susan Taylor
CEO
(949) 642-2734/(949) 574-3320
Kindred Hospital Westminster
200 Hospital Circle
Westminster 92683-3910
khwestminster.com
$65.4 million
-15%
$13.7 million
$23.7 million
33,765
-11%
0
109
400(3)
NA
Kindred Healthcare Inc.
Adam Darvish
district VP, California
(714) 893-4541/(714) 894-3407
Western Medical Center Anaheim
1025 S. Anaheim Blvd.
Anaheim 92805-5806
westernmedanaheim.com
$65.3 million
-9%
($8.4 million)
($5.7 million) 40,833
-2%
31,571
-14%
188
600
9%
Integrated Healthcare Holdings Inc.
Suzanne Richards
interim CEO
(714) 533-6220/(714) 563-2859
La Palma Intercommunity Hospital
7901 Walker St.
La Palma 90623-1764
lapalmaintercommunityhospital.com $59.7 million
[email protected]
15%
$7.1 million
$6.8 million
22,192
6%
141
445
-0%
Prime Healthcare Services Inc.
Virg Narbutas
regional CEO
(714) 670-7400/(714) 229-6813
Sources: Office of Statewide Health Planning and Development and the hospitals
Abbreviations: NA: not applicable; wnd: would not disclose
List may not be reprinted without permission of the editor
(3)
Business Journal estimate
18,657
10%
Researched by Dana Truong
24 ORANGE COUNTY BUSINESS JOURNAL
Local breaking news: www.ocbj.com
FEBRUARY 10, 2014
HOSPITALS
Rank Hospital
Prev. •Address
Rank
•Website
•Email
Net patient
revenue for 12
months ended
Sept. 2013
12-month pre- Previous pre- Patient
tax net income tax net income days
(loss)
(loss)
•yearly %
Outpatient Licensed Employees Parent company
visits
beds
(full- and
part-time)
•yearly %
change
change
Top local official(s)
•Title
•Phone/fax
•yearly %
change
•yearly % change
21
Huntington Beach Hospital
17772 Beach Blvd.
(23) Huntington Beach 92647-6819
hbhospital.org
[email protected]
$57.3 million
25%
$10.1 million
$586,275
18,897
5%
30,395
0%
131
438
-3%
Prime Healthcare Services Inc.
Virg Narbutas
regional CEO
(714) 843-5000/(714) 229-6813
22
CHOC Children's at Mission Hospital
27700 Medical Center Road, fifth floor
(20) Mission Viejo 92691-6426
choc.org/ccmh
[email protected]
$55.8 million
1%
$9.4 million
$9.9 million
7,852
4%
22,556
-2%
54
133
3%
Children's HealthCare of California
Kimberly Cripe
CEO/president
(949) 364-1400
23
Coastal Communities Hospital
2701 S. Bristol St.
(19) Santa Ana 92704-6201
coastalcommhospital.com
$54.5 million
-2%
($6.8 million) ($3.7 million) 33,701
-1%
32,123
6%
178
590(3)
NA
Integrated Healthcare Holdings Inc.
Craig Myers
CEO
(714) 754-5454/(714) 754-5538
24
Chapman Medical Center
2601 E. Chapman Ave.
(22) Orange 92869-3296
chapmanmedicalcenter.com
$44.9 million
-3%
($7.7 million) ($2.6 million) 20,970
-2%
17,057
29%
114
450
3%
Integrated Healthcare Holdings Inc.
Don Kreitz
CEO
(714) 633-0011/(714) 532-4345
25
Kindred Hospital Brea
875 N. Brea Blvd.
(25) Brea 92821-2606
kindredhospitalbrea.com
$35.2 million
5%
$1.8 million
$222,089
26,713
1%
0
86
197
14%
Kindred Healthcare Inc.
Diane Zeoli
CEO
(714) 529-6842/(714) 256-1041
26
Kindred Hospital Santa Ana
1901 N. College Ave.
(27) Santa Ana 92706-2334
kindredsantaana.com
$29 million(3)
NA
wnd
wnd
16,156(3) 0(3)
NA
54(3)
220(3)
NA
Kindred Healthcare Inc.
Adam Darvish
district VP, California
(714) 564-7800/(714) 564-7814
27
HealthSouth Tustin Rehabilitation Hospital
14851 Yorba St.
(29) Tustin 92780-2925
tustinrehab.com
$23.4 million
[email protected] -1%
$4 million
$4.4 million
15,196
-1%
0
48
232
29%
HealthSouth Corp.
Diana Hanyak
CEO
(714) 832-9200/(714) 734-4851
28
$19.4 million
-26%
($281,519)
($10.9 million) 8,276
-54%
5,410
-46%
143
NA
Pacific Health Corp.
NA
Anaheim General Hospital(6)
3350 W. Ball Road
(28) Anaheim 92804-9968
29
Newport Specialty Hospital
14662 Newport Ave.
(26) Tustin 92780-6064
newportspecialtyhospital.com
$14.7 million
-52%
($814,855)
$1.2 million
10,021
-55%
24
-90%
177
148
-63%
Pacific Health Corp.
Lawrence Bottorff
chief nursing officer/COO
(714) 619-7700/(714) 619-7724
Newport Bay Hospital
1501 E. 16th St.
(30) Newport Beach 92663-5924
newportbayhospital.com
[email protected]
$10.8 million
2%
$681,431
$217,585
11,211
5%
0
34
87
2%
Beacon Healthcare Services Inc.
James Parkhurst
CEO/president
(949) 650-9750/(949) 650-9751
30
Sources: Office of Statewide Health Planning and Development and the hospitals
Abbreviations: NA: not applicable; wnd: would not disclose
List may not be reprinted without permission of the editor
(3)
(6)
Business Journal estimate
Anaheim General Hospital is no longer in business as of May 2013
Researched by Dana Truong

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