Learn more
Click here for related health info and events.
Click here to sign up for our FREE e-newsletter.
Find a CHRISTUS facility
Search for a facility.
View a map of facilities.
Search a list of facilities.
About Us
Financial Report
Fiscal Year 2008 Financial Summary
CHRISTUS Health completed fiscal year 2008 (July 1, 2007– June 30, 2008) with a net operating loss of $9.2 million. The net loss (the combination of operating loss, discontinued operations and non-operations losses) for the year totaled $108.8 million.
Net patient service revenue amounted to $2.8 billion for the year, compared to $2.4 billion in the previous year (fiscal year 2007). The positive revenue variance is attributable to the acquisition of CHRISTUS Santa Rosa New Braunfels, the partnership in CHRISTUS St. Vincent Regional Medical Center, the increase in Medicaid supplemental programs and an overall increase in net patient revenue per encounter.
CHRISTUS ended its 2008 fiscal year with a -0.3 percent operating margin, compared to -0.9 percent in fiscal year 2007.
Days cash on hand decreased to 142 days for the year, a reduction from 191 in fiscal year 2007.
At CHRISTUS Health, we believe it is critical to our ministry that we carefully monitor our operations and financials so that we can further our mission of extending the healing ministry of Jesus Christ. To ensure that we can continue to serve the poor, offer our Associates competitive and fair compensation, invest in new programs and services to meet community needs and maintain and improve our facilities, we must be able to cover our operating costs and generate positive revenues.
Click here for recent financial operating performance
