UHS, PCMH Detail Budgets

The boards of University Health Systems of Eastern Carolina and Pitt County Memorial Hospital approved fiscal year 2012 operational plans Tuesday.

The UHS budget projects total operating and non-operating revenues of $1.465 billion, operating expenses of $1.398 billion, excess-of-revenues over expenses of $67 million and an operating margin of 3 percent, which will be reinvested back into facilities, new services, equipment and system employees.

UHS will focus capital reinvestment on information systems, diagnostic services, normal equipment replacement and much-needed upgrades in the core infrastructure of the system's hospitals.

The budget funds salaries and benefits of $752 million for the system's 9,988 employees.

At PCMH, the budget projects operating and non-operating revenues of $1.024 billion, operating expenses of $950 million, and excess revenues-over-expenses of $64 million. PCMH will also fund costs for a new children's hospital addition, a pediatric emergency department, expanding and/or replacing diagnostic equipment, information systems and other necessary equipment.

In addition to PCMH, UHS includes Bertie Memorial Hospital in Windsor, Chowan Hospital in Edenton, Duplin General Hospital in Kenansville, Heritage Hospital in Tarboro, Roanoke-Chowan Hospital in Ahoskie, and The Outer Banks Hospital at Nags Head, where it is a 60 percent owner. UHS also manages Albemarle Health in Elizabeth City. The boards of Albemarle Health and The Outer Banks Hospital will adopt their budgets separately. UHS is also in the process of purchasing Beaufort Regional Health System in Washington.

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