Wednesday, Oct. 21, 1998 | 10:56 a.m.
University Medical Center of Southern Nevada has shown substantial financial gains over the past three years, independent auditors reported Tuesday.
The auditing firm of Arthur Andersen LLP told Clark County trustees that the hospital increased its income by more than $300,000 for June 30, 1998, in comparison to the same period last year.
A decrease in the length of hospital stays, coupled with an increase in patients using the hospital's satellite Quick Care Centers were cited for the positive report.
"We are a force to be reckoned with today," said William Hale, chief executive officer. "We have been very competitive with other hospitals. Quick Cares have been our success story."
Dale Pugh, assistant administrator of marketing, said UMC's Quick Care Centers average 250,000 admissions to hospitals throughout Clark County a year. He said UMC gets a substantial share of that patient-paying volume.
UMC, because it's the Clark County hospital, is mandated to treat indigent patients. It received $7,100,000 in 1998 in county subsidies. The hospital's long-term debt was $45,432,000 in June 1998, which is down from $49,056,000 in 1997 and $44,942,000 in 1996.
Besides treating Clark County residents who don't have health insurance, Hale said UMC takes care of tourists and patients who live as far away as Washoe County.
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