"Mount Sinai Hospital’s Operating Profit Tops $200 Million" — Caroline Lewis

Mount Sinai Hospital's operating income rose last year by 28.4 percent to $205.2 million. The increase was driven by its focus on more complex and lucrative inpatient cases and an expansion of its outpatient programs, according to year-end financial statements and the accompanying management discussion posted online Friday. As Mount Sinai Health System continues to expand its geographic reach and transforms its downtown services, Mount Sinai Hospital is refining its role and strategy. It will recruit doctors specializing in "identified areas for growth" such as oncology, cardiac care and surgery in the coming year in order to boost revenue by focusing on complex, high-acuity cases. At the same time, the hospital aims to reduce its average inpatient length of stay to create more capacity, according to the management discussion of the financial results.

• Mount Sinai Health System

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