UHS Has Healthy Year; Nearly $50 Million Surplus

The largest health provider in Eastern Carolina says it had a healthy year, with nearly $50 million dollars in surplus.

University Health System of Eastern Carolina, which next month will change its name to Vidant Health, had revenues of $1.3 billion in 2011. The system made $49.4 million, compared to last year's surplus of $39 million.

UHS is the parent for Pitt County Memorial Hospital and nine other hospitals in the area.

The system says says because of increased patient demand, it added some 270 new positions at its hospitals, clinics and offices.

UHS says all of their hospitals outperformed their operating margin objectives. Because the system is not-for-profit, UHS says it will reinvest all of its income back into the hospitals.

In 2011, UHS provided care to approximately 63,000 inpatients and 600,000 emergency and outpatients at its various facilities. Duplin General Hospital joined the system at the beginning of the fiscal year and Beaufort Regional Health System and Pungo District Hospital joined the group at the end of the fiscal year.

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