Carolinas HealthCare System had net income of $51 million for the first three months of the year, up 46 percent from the $35 million reported for the same period of 2003. Operating income was down, partly because of unreimbursed care and medical malpractice insurance increases. But investment income and an 8 percent increase in revenues more than made up the difference, the Charlotte-based hospital system reported Tuesday. Also Tuesday, the organization's governing board approved three capital projects, the largest a $4.3 million radiation therapy renovation and expansion project at the system's flagship hospital, Carolinas Medical Center.
Posted by Editor at June 9, 2004 11:57 AM