MGH's Chief Financial Officer Jerry Worden says the increased revenues is due partly through the hospital's early retirement plan.
Wednesday, October 28, 2009 at 2:54 p.m.
Read more: Local, Health, Economy
MARQUETTE -- Marquette General Hospital has made a huge financial turn around.
Moving from a $10 million loss last year in operating income to a $10 million gain.
MGH's Chief Financial Officer Jerry Worden says the increased revenues is due partly through the hospital's early retirement plan, which was implemented in April 2008.
He estimates that MGH's total $20 million turn around could put them in the top five percent of Michigan hospitals for the highest operating income.
Members of the finance authority also learned from Worden Wednesday, at their annual meeting, that the hospital is on track with this year's budget projections.
"We have seen softer business from the standpoint of not as many discharges to the hospital on the in-patient side, Worden explains. "I think we have been somewhat insulated from the impact from some of the downstate economic times, but we are stable and I think that's the important point."
Marquette General currently employs 2,600 full and part-time workers.
And unlike some downstate hospitals, which have had to go on hiring freezes because of the economy, MGH has been able to continue to fill vacant positions.
