Business & Tech
Milford Regional: Increased Visits, Income
Milford Regional Medical Center had a $6.4 million profit in 2011, according to its annual report. The hospital had increased visits for day surgery, the emergency room and outpatient procedures.
Editor's Note: The following statistics for the fiscal year that ended in September 2011 were contained in the Milford Regional Medical Center's 2011 to the community.
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Revenue and Expenses 2010 2011
Total Operating Revenue: $230,684,796 $238,604,602
Salaries, Wages, Benefits: $137,122,199 $138,658,944
Supplies, Expenses: $62,946,730 $62,318,557
Depreciation: $10,412,922 $10,581,118
Interest: $4,531,349 $4,440,253
Bad Debt, Free Care: $14,060,137 $14,456,388
Uncompensated Care Pool Assessment: $1,962,579 $1,757,252
Total Operating Expenses: $231,05,916 $232,212,512
Income (Loss) from Operations: $(351,120) $6,392,090
Non-Operating Revenue: $1,017,150 $272,278
Total Income (operating, non-operating): $666,030 $6,664,368
Service to the Community
Inpatient discharges/observation stays: 12,739 in 2010; 12,589 in 2011.
Average length of stay: 3.9 days in 2010; 3.8 days in 2011.
Day surgery visits: 4,742 in 2010; 4,938 in 2011.
Emergency room visits: 55,052 in 2010; 55,213 in 2011.
Outpatient visits: 260,332 in 2010; 264,493 in 2011.
Cardiac rehab visits: 24,648 in 2010; 23,308 in 2011.
Total volunteer hours: 35,360 in 2010; 35,041 in 2011.
Visiting Nurse Association visits: 71,611 in 2010; 66,459 in 2011.
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