Staff costs cut the profits in half on bones

  • Staff costs cut the profits in half on bones
    Independent.t. E.
    The increase in staff costs was seen that the profits from the country’s largest private hospitals more than doubled last year to €2,09 µm.
    https://www.independent.ie/business/irish/staff-costs-cut-profits-in-half-at-the-bons-37224629.html
    https://www.independent.ie/incoming/article35074336.ece/c4112/AUTOCROP/h342/BonSecours.jpg

  • Email

The increase in staff costs was seen that the profits from the country’s largest private hospitals more than doubled last year to €2,09 µm.

The new data filed by the cork-based systems Bon Secour health (BSHS) Ltd office of the company show that the group recorded lower profits despite an increase in revenues of 8, going from €243м to €263m.

Today the company employs more than 3,000 employees, with 450 of the leading medical consultants in private hospitals in cork, Dublin, Galway, Limerick and Tralee and provides care to 280,000 patients annually.

Director declare that they have reached a profit “in a competitive and challenging environment.”

According to the reports of the Directors: “the decrease in profit for the year attributable mainly to higher salary costs in connection with the service extension and gradual recovery of wages in accordance with national pay agreements”.

The leaders also argue that the decline in profits due to the increase of financial expenses and write-off of goodwill on acquisition in February 2017 Limerick barringtons Private hospital.

Accounts indicate that the group acquired the hospital, the Barringtons for €14.6 m, a total of €5.18 m goodwill arising on the acquisition.

The Directors also declare that in General, in a hospital bed-nights and day to reduce the amount coming from 201,145 in 200,653.

The Director claimed that the increase 3pcs per day-part of this year was offset by lower inpatient volumes, which in turn reflects the decline in the referral from the Fund the national procurement procedure.

Director claim that it happened “in spite of our ongoing commitment to provide assistance to the HSE and public patients in this initiative.”

The Director also welcomed the increase in the number of people who own private insurance, but the claim that “a cause of concern, however, is the gradual reduction of the General policy for private health insurers, which at the same time to continue to challenge BSHS and other health care professionals to expand and improve the quality of services and reduce costs.”

Director of the state the group strategic plan 2020 investment program of €150 for the period until 2020 throughout the group in the modernization and capacity expansion. During the year the group made contributions totaling 573,000 for charitable purposes.

The number of employed last year increased from 2,802 to 3,105 with the personnel costs, totaling 136,6 m.

The accounts to announce that €3.9 m was paid to the Bon Secour sisters of Ireland in respect of the rental costs. Group of funds shareholder in the amount of 139m, and the accumulated funds decreased from €22.5 m to € 8.5 million.

Online Business Classes