Mount Sinai posts nearly triples income

Mount Sinai Medical Center saw its profits nearly triple in the fourth quarter, mostly thanks to a positive trend on its insurance side. The nonprofit hospital in Miami Beach had net income of $19.8 million, compared to net income of $6.7 million in the same period a year ago. The recent quarter included a $14.5 million gain because positive trends in its medical malpractice claims experience allowed it to reduce its liabilities. Its revenue increased to $136.3 million in the fourth quarter, from…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news