News Releases

News Releases

For Immediate Release

Children’s Hospital of Pittsburgh Reports Record Year

Bottom-line gain of $21.8 million reported at annual public meeting

Children’s Hospital of Pittsburgh President and CEO Ronald L. Violi announced today at the hospital’s annual public meeting of its Board of Trustees a record-setting bottom-line gain of $21.8 million – $9 million more than fiscal year 2000. Similarly, the hospital’s gain from patient care operations grew from $960,000 in fiscal year 2000 to $6.5 million this year.

"Our strong financial performance is due in part to increased outpatient activity, strong development and investment income, improved reimbursement rates from insurers along with a 600 percent increase in federal graduate medical education funding," said Violi.

Also discussed at the meeting was the merger agreement with UPMC Health System, the plans for the construction of a new hospital and the fact that despite a national nursing shortage, Children’s Hospital was able to recruit 100 new nurses to the hospital.

Children’s Hospital of Pittsburgh also was named the fourth best children’s hospital in the country by U.S. News & World Report – the hospital’s highest ranking in the listing of America’s Best Hospitals to date.

Contact:
Mike Laffin, 412-692-5016, Mike.Laffin@chp.edu
DeAnn Marshall , 412-692-5016, DeAnn.Marshall@chp.edu

Last Update
June 17, 2008
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Last Update
June 17, 2008
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