The largest hospital in Eastern Carolina is in good financial health.
Pitt County Memorial Hospital ended the 2009 fiscal year $20 million in the black. The hospital had total expenses of $839 million, compared to revenues of $859 million.
“PCMH had a solid year across the board. Although we are extremely pleased to have met our financial objectives, I am most proud of the work we have done in the areas of quality, patient safety and customer service. In almost all areas, we exceeded our targeted performance. We have exceptional employees and the very best physicians. Together, they have been the driving force behind an excellent year,” said PCMH president Steve Lawler.
The hospital increased its workforce to 6,057 full-time-equivalent positions in the past year, a net growth of 522 positions as compared to the previous year.
Last year the hospital made $37 million on revenues of $772.4 million.
PCMH is nonprofit, meaning all extra income gets reinvested back into the hospital in the form of buildings, property and equipment.