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About Us
Financial Report
Fiscal Year 2007 Financial Summary
CHRISTUS Health completed fiscal year 2007 (July 1, 2006– June 30, 2007) with a net operating loss of $24.3 million. Net income (the combination of operating income, discontinued operations and non-operations income) for the year totaled $154 million.
Net patient service revenue amounted to $2.4 billion for the year, the same as the prior year (fiscal year 2006). The negative revenue variance can be attributed in part to inpatient volumes that were lower than expected, the unforeseeable lingering impact of Hurricane Rita and increasing uninsured volumes.
CHRISTUS ended its 2007 fiscal year with a -0.9 percent operating margin, compared to 3.1 percent in fiscal year 2006.
Days cash on hand decreased to 172 days for the year, a slight decrease from 200 in fiscal year 2006.
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.
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