By NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
Doctors Hospital has seen a 14.2 per cent second quarter decline in patient days compared to 2013, with net patient revenue falling 7.3 per cent compared to last year's second quarter.
The BISX-listed healthcare provider's financial results for the six months ended July 31, 2014, said total inpatient days were down 16.4 per cent, primarily in the critical care areas.
"Consolidated net loss for the six months was $624,661 or $0.06 cents per share compared to a profit of $1.102 million or $0.11 cents per share for the same period last year," Joseph Krukowski, Doctors Hospital’s chairman, said.
"Doctors Hospital (Bahamas) profit was $78,540 compared with $1.873 million and Bahamas Medical Centre’s loss was $703,200 compared with $770,520.
“Consolidated net patient revenue decreased $1.824 million or 7.3 per cent over the second quarter last year. Total inpatient days for the six months are down 16.4 per cent ,primarily in the critical care areas. Second quarter patient days were also down over last year by 14.2 per cent compared to the first quarter, which was down by 18.2 per cent."
"As in the first quarter this continued decreased activity accounts for the decreased profits in Doctors Hospital (Bahamas," said Mr Krukowski.
"Bahamas Medical Centre continues to look for new business opportunities and is currently developing a couple of international programmes that have great promise and will be started in the short term.”
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