Area Hospitals Post Losses in Net Income

Click here for a list of the largest hospitals in Northwest Arkansas.
For the second year in a row, St. Edward Mercy Medical Center in Fort Smith tops the largest hospitals list compiled by the Northwest Arkansas Business Journal. The list is ranked by each hospital’s net income as available by the most recent Medicare data. St. Edward had $7.94 million according to last year’s list and $10.45 million on this year’s list, a 31.6 percent gain.
Falling from 2005’s No. 2 slot was Fayetteville’s Washington Regional Medical Center, which landed as the No. 10 hospital with a net income loss of $19,864, down from a positive posting of $7.52 million a year earlier. Patient revenue, however, was up from $352.9 million in 2005 to $468.5 million.
St. Mary’s Hospital in Rogers slipped from the No. 3 slot on 2005’s list, to No. 15, posting an income loss of $2.16 million. Its return on revenue was down 1.16 percent.
All-in-all, the 18 hospitals in Northwest Arkansas lost a combined $650,499 compared to a gain of $11.32 million a year earlier, but each hospital’s fiscal year-end and available data vary, so any comparison is skewed.
Combined patient revenue grew to $2.40 billion over the 2005 list with $2.36 billion.
The biggest winner in terms of return on revenue was HealthSouth Rehabilitation of Fayetteville with a 16.15 percent gain, while Willow Creek Women’s Hospital in Johnson lost the most with a negative 19.18 percent ROR.