AzHHA Releases Hospital Financial Reports for March 2018 / by Joe Furia

Jim Haynes, Senior Vice President and Chief Operating Officer 

The most recent hospital financial reports show improved financial results for the twelve months ended March 2018. For the most recent twelve months operating margins were 5.5 percent, while last year they were slightly over 3 percent. These reports also show a dramatic reduction in uncompensated care since the restoration of the prop. 204 population and Medicaid expansion took place on January 1, 2014.  For the twelve month period ending March 31, 2014 the uncompensated care hospitals incurred was just under 8 percent, while for the most recent 12 months it had declined to 2.5 percent. The total AHCCCS population has decreased by 4 percent since May 2017, and the childless adult population, partially financed by the hospital assessment, has declined steadily over the last 7 months.