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For the Second Year in a Row, Lowell General Hospital Ranked Among 25 Largest Hospitals in Massachusetts

Rises on Boston Business Journal’s List After Continued Growth in Revenues


September 10, 2009 – Lowell, Mass. – Increases in patient volumes and revenue gains in 2008 moved Lowell General Hospital up on the Boston Business Journal’s 2009 Largest Hospitals List published in the August 21-27, 2009 issue of the business newspaper. Included for the second year in a row, Lowell General’s continued growth in 2008 yielded more than $184 million in patient service revenues to move the hospital ahead of its 2007 ranking.
 
One of the few independent, community-based hospitals on the list, Lowell General Hospital has been able to increase patient volumes as well as maintain its costs over the past two years.
 
“Delivering the highest quality care to our patients while maintaining efficiency and managing costs is a challenge we rise to meet every day.” says Normand E. Deschene, president and chief executive officer of Lowell General Hospital. “We are privileged to be entrusted with the healthcare of our community and look forward to sustaining growth that will assure the highest level of healthcare continues to be available in the Merrimack Valley.”
 
As an independent, not-for-profit community hospital, all net patient service revenues are used to cover costs of operations, capital investments to maintain and improve equipment and facilities, balance uncompensated or underpaid for services it provides and deliver more than 10 million dollars in community benefit to the Greater Lowell area. Lowell General Hospital employs more than 2,000 people, and is among the largest employers in the area.
 

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