DFW hospital growth outstrips demand, survey says
Hospitals in North Texas added more than 500 new inpatient beds between 2008 and 2011, even as demand for those beds declined 3 percent in that time, according to a new survey. Despite the mismatch, however, hospitals in Dallas/Fort Worth enjoyed total $1.58 billion in total net income,or 10.3 percent of patient revenue, said the 2013 Texas Health Market Review. The report, by independent analyst Allan Baumgarten, said for-profit chain HCA and not-for-profit Baylor Health Care System were the most profitable.
The study also found that enrollment in health maintenance organizations rose to more than 4 million, with growth in Medicare and Medicaid offsetting declines at employer-sponsored plans. By far the biggest HMO membership, more than 3 million, is in the Texas Medicaid and Children's Health Insurance Plan (CHIP). The state has steadily moved its Medicaid and CHIP populations into HMOs for years. Still, Medicaid HMOs lost $74.3 million in 2012. Fort Worth's Cook Children's Health Care System was an exception, earning $8.4 million on its plan, which had 108,252 members as of Dec. 31, 2012, the study said.
-- Jim Fuquay