Financial performance to budget results at an award winning community hospital
Advocate Good Samaritan Hospital (GSAM), a US community hospital, consistently exceeded the budget targets established by Advocate Health Care and generated margins and cash flow that provide for long term sustainability. Against an Operating Income target of $15 million GSAM achieved $17 million in 2007 and $20 million in 2008. In 2009, against a target of $20 million, GSAM achieved an Operating Income of $25 million. GSAM won the 2010 Malcolm Baldrige National Quality Award (Healthcare Sector)...
BPIR Categories15.3.1 Financial performance
15.6.11 Financial management