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revise the following The report for Palomar Health had stated in their 2018 budget, the key drivers are clearly written. The first item mentioned is
revise the following The report for Palomar Health had stated in their 2018 budget, the key drivers are clearly written. The first item mentioned is a flat-volume growth, which was close to the previous year's margins. They go on to mention continuous reimbursement pressures and "patient throughput" initiatives focused on revenue optimization. Palomar Health (2018) shows its financials as $737,181,056 in total operating revenues, total operating expenses as $740,325,330, and operating income as $3,144,274. There was an increase of $7 million in net patient revenue from the previous year. Palomar Health claims that its expenditures for supplies, acquired services, IT, electricity, the building, pharmaceuticals, Biomed, and other items have only risen by 1%. Therefore, they created a capital plan to handle their backlog of equipment replacement, infrastructure, information technology, and strategic projects. This will be utilized to help them meet their financial goals of increasing net income by 14.2 million per year and increasing operational income by 13.1 million per year
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