CEO Corner: The Pace of Our Progress in FY14
By John N. Kastanis, FACHE
Challenges continue to intensify for hospitals across the country in the form of rising costs, lower reimbursements, and declining inpatient volumes. Temple University Hospital is not immune to these trends, and we continue to be challenged to meet our inpatient volume targets, resulting in a shortfall of revenue from patient care for Fiscal Year 2014, which ended June 30. Notwithstanding these challenges, I am pleased to report that we expect to end FY14 with a positive bottom line for Temple University Hospital – an achievement which points to important progress we are making in several areas.