The Pennsylvania Health Care Cost Containment Council (PHC4) is an independent state agency charged with addressing the cost and quality of health care in Pennsylvania. The Council fosters competition in the health care market through the collection, analysis and dissemination of quality health care information.
In order to maintain a high quality, cost-effective health care delivery system, hospitals and freestanding surgery centers must be financially viable. Beginning with fiscal year 1989, the Council has produced a series of Financial Reports that measure the financial health of the Commonwealth’s hospitals and surgery centers and the utilization of their services.
This is the first report in the Council’s Financial Analysis 2001 series. This volume is intended to present a profile of the financial health of Pennsylvania’s 189 General Acute Care (GAC) hospitals in a timely manner. A subsequent volume will report on the non-GAC hospitals (rehabilitation, long-term acute, psychiatric and specialty) as well as ambulatory surgery centers.
This report focuses primarily on Fiscal Year 2001 (FY01). For most General Acute Care hospitals, FY01 began on July 1, 2000 and ended June 30, 2001. For those hospitals that utilize a different fiscal year, the data presented in this report reflect the fiscal year that ended prior to June 30, 2001.
The information contained in this report was derived from the financial statements of the hospitals, the Council’s annual financial form, and Medicare cost reports where applicable. By law, hospitals are required to submit this financial and utilization information to the Council. Every reasonable effort has been made by the Council to ensure the accuracy of the information contained herein. Each facility had the opportunity to review their data and to make corrections. The ultimate responsibility for data accuracy lies with the individual facility.
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