Boca Raton Regional Hospital Starts Financial Turnaround

BOCA RATON, FL ( — Boca Regional Hospital today said it is in the midst of a financial turnaround after a difficult fiscal 2012.

“Our step back in financial performance can be largely attributed to volume declines that were the short-term result of our actions in Fiscal 2012 to position the Hospital for long-term success,” said Jerry Fedele, President and CEO at Boca Regional.
Fedele cited such operational improvements as the introduction of electronic medical records and a hospitalist program as examples of initiatives that had positive impact on patient care, but were ones of significant change to physicians utilizing Boca Regional. “These changes, while advancing the level of care we provide, were material and undoubtedly had an effect on physician utilization until they became comfortable with them.”

For the 12 months ending June 30, 2012, Boca Regional incurred a net loss of $10.1 million. For the first quarter of its new fiscal year, which ended on September 30, 2012, the Hospital incurred a net loss of $1.4 million. This first quarter 2013 performance represents an improvement of $5.9 million over the corresponding time period last year and is the best first quarter performance under the current leadership since 2008. Boca Regional, given the seasonal nature of its patient population, traditionally budgets losses through the first part of its fiscal year.

During the most recent time period, Boca Regional saw increased patient volumes. Total discharges were up by 2.3% as compared to the same period in the prior year. Total surgical cases improved by 2.5 %, outpatient radiation oncology procedures increased 24.8%, cardiac catheterizations were 8.7% better than the prior year and deliveries increased by 3.8%.
The Hospital continues to be the busiest center for robotic surgery in Palm Beach County, increasing its number of procedures during the corresponding fiscal quarters from 75 to 117.

“We are greatly encouraged by the results of our first quarter and believe they reflect that we have weathered the setback that was brought about by the evolution in the way we provide care,” said Fedele. “I remain confident that this fiscal year will conclude in a manner that continues the significant financial improvement we saw during the last four fiscal years of our current administration.”


----------------------------------------LYFT PROMO CODE--------------------------------------
Use our Lyft promo code BNN123 for substantial discounts for your first Lyft rides. Enter the code in your app, or just click here.

---------------------------ABOUT BOCANEWSNOW.COM----------------------- is the leading hyper-local news website based in and serving Boca Raton, Florida and South Palm Beach County. Our pages have been visited millions of times since our first post on October 4th, 2011. We have a verified history of reporting news, providing opinion and snark. is NOT a mugshot website. We have never charged and DO NOT charge for mugshot removal. We are a news organization registered with the State of Florida and exempt from Senate Bill 118. We publish arrests of note provided to us by law enforcement under Chapter 119 of Florida Statutes. While we review all requests for removal, we are not obligated to remove reports that are a part of the public record.

When removal is appropriate, we do so at no charge. We do not accept payment for mugshot or arrest report deletion.

We are cognizant of the impact an arrest may have on one's life. If you are exonerated or if charges are dropped, please contact us to request an appropriate update to or removal of a specific story. We remind our readers that an arrest is an accusation. Guilt or innocence is determined in a court of law. Email us at news (at) or telephone 561-419-9520.

All Content Copyright © 2017 MetroDesk Media, LLC. All Rights Reserved.