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FINANCIAL SUMMARY

High-quality care is cost-efficient care. But Phoenix Children’s is doing even more to drive costs down. In a nationwide study of children’s hospitals, Phoenix Children’s operating cost per adjusted patient day was 16 percent lower than the national average, placing the Hospital in the lowest quartile for overall cost of care nationally. This is especially impressive given that Phoenix Children’s maintains the highest quality outcomes while treating the most seriously ill patients.

The growth of Phoenix Children’s adds high-quality jobs to the Valley. New physicians, researchers, nurses and leaders come from out of state to join this growing enterprise and support the Valley’s services and amenities.

Growth also means a steady stream of new construction jobs, located throughout the Valley. 


SUMMARY INCOME STATEMENT

(IN THOUSANDS)

2012 2013 2014 2015
Net operating revenue $ 668,685 $ 653,852 $ 725,518 $ 780,445
Operating expenses $ 640,551 $ 626,950 $ 661,678 $ 745,830
Income from operations $ 28,134 $ 26,902 $ 63,840 $ 34,615
Income from operations as % 4.2% 4.1% 8.8% 4.4%
EBIDA $ 84,191 $ 89,681 $ 127,705 $ 103,494
EBIDA as % of revenue 12.6% 13.7% 17.6% 13.3%
Employee compensation and benefits $ 304,566 $ 310,808 $ 330,056 $ 369,580
Fundraising revenue $ 35,672 $ 42,436 $ 39,217 $ 37,724
Charity and uncompensated care $ 15,166 $ 20,530 $ 13,750 $ 34,958

Phoenix Children’s files a comprehensive financial report available publicly at www.dacbond.com

VITAL STATISTICS

2012 2013 2014 2015
Inpatient admissions 13,834 12,857 13,333 13,332
Physician visits 351,060 367,822 399,807 424,611
Outpatient visits 197,280 216,121 237,514 269,239
Inpatient surgeries 5,201 4,991 5,050 4,970
Outpatient surgeries 10,223 11,236 11,441 11,466
Emergency visits 76,006 78,612 80,514 80,091
Trauma visits 2,355 2,380 2,588 2,677
Urgent care visits 21,840 33,942 41,180 50,113
Surgical cases 15,424 16,227 16,491 16,436
Employees 3,422 3,566 3,893 4,309
Physicians 878 978 1,000 1,018