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Essay text:
In 2002, UMF generated over
$500 million in revenues from about 40,000 inpatient stays and 750,000
outpatient visits.
Over 70 percent of UMF's revenues currently come from inpatient
stays, but this percentage has been declining, and by 2005, over half of
UMF's revenues are expected to stem from outpatient services. As improvements
are made in technology and third-party payers continue to
pressure providers to cut costs, more and more inpatient services will
be converted to outpatient and home care. For example, in 1992, 80
percent of UMF's ophthalmological surgeries took place in University
Hospital, while in 2002, 80 percent were conducted in outpatient settings...
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