Phoebe Putney makes more money than ever - WALB.com, Albany News, Weather, Sports

Phoebe Putney makes more money than ever

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) –  A new audit shows the hospital's assets totaled $589 million in 2010. That's up $145 million from the previous year.

The hospital is also spending more on un-reimbursed care. Last year, the hospital took on $98.5 million in unreimbursed care, a million dollars more than in 2009.

COO Joe Austin says he thinks that's directly linked to the economy.

"People do not stop getting sick because of the job situation is very difficult. People continue to have illness and they continue to seek care."

The not-for-profit hospital made $23.4 Million in revenue after expenses were covered in 2010.

 

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