University of California, Davis, Medical Center posted a 70 per- cent jump in income in 2011, even as patient visits and hospital stays fell slightly, according to financial statements released this week.
The nonprofit medical center reported $117.6 million in net income compared with $69 million in 2010 – a 70.4 percent hike from a year ago.
Admissions decreased 6.5 percent, from 33,169 in 2010 to 31,025, while outpatient visits fell by about 2 percent, from 970,390 to 951,811.
The center also saw gains in operating revenue and income.
Operating revenue grew to $1.26 million from just more than $1.1 million in 2010. Operating income rose to $89.7 million from $71.7 million a year ago.
UC Davis officials attribute the sharp income increase in part to $16.8 million in managed-care payments from insurers and another $26.3 million from a Medi-Cal incentive pool for public hospitals.
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