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Two Chang Gung hospitals listed on opposite ends of profit scale

Two Chang Gung hospitals listed on opposite ends of profit scale

Taipei, Dec. 30 (CNA) One of the hospitals owned by the Chang Gung Memorial Hospital group was ranked as the most lucrative in Taiwan last year, while another was listed as the least profitable, in a government report issued Tuesday on the financial health of medical institutions around the country. The financial data published on the website of the National Health Insurance Administration (NHIA) showed that Chang Gung Memorial Hospital's Linkou branch in northern Taiwan made a net profit of NT$1.87 billion (US$58.99 million) in 2013, the highest amount among the 474 health institutions listed. The group's hospital in Chiayi in southern Taiwan, however, finished last year NT$620 million in the red, which was the biggest net loss recorded among the 474 hospitals, according to the NHIA data. Another Chang Gung hospital, a branch in Keelung in the north, recorded the second biggest net loss of NT$380 million in 2013, the NHIA reported. The report showed that 109 health institutions -- medical centers and regional and local hospitals - each earned a net-profit of more than NT$600 million last year. They received a net NT$295.6 billion in national health insurance reimbursement, which represented 85 percent of the total reimbursements made by the NHIA last year, the data showed. The second most-profitable hospital in 2013 was National Taiwan University Hospital (NT$1.31 billion), followed by China Medical University Hospital (NT$1.17 billion), according to the NHIA. Only 16 medical institutions, including the two Chang Gung hospitals, recorded losses in 2013, the NHIA said. Chang Gung Memorial Hospital was established in 1976 by the late Wang Yung-ching, then chairman of the Formosa Plastics Group, in memory of his father Wang Chang-gung. It has since grown into a big medical group, comprising seven hospitals and two nursing homes, with a stated goal of providing high quality healthcare in Taiwan. (By Chen Ching-fang and Elizabeth Hsu)


Updated : 2021-03-08 03:17 GMT+08:00