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Children's Health System, Inc.

General Info

Our General Information includes locations, prices, facility size and other information to get you started comparing facilities.
Address:
601 Children's Lane
Norfolk, VA 23507
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  (757) 668-7000
Administrator:
Amy Sampson
Chief Executive Officer

EPICS Variation Comments: The difference in Revenue Gains in Excess listed for the hospital and ASC is due to transfers, contributions to/from affiliates, net asset released for capital and change in restricted net assets, these totals were reported on the parent sub survey. The amount reported on the subsidiary survey for the Hospital and the ASCs only includes contribution and investment income.

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Website: www.chkd.org
Updated on: 12/14/2023

Financial Information

For Fiscal Year 7/1/2020 - 6/30/2021
Why is this important?
Parent Hospital financial information was originally intended to benefit of large employers and purchasers of care.
However, consumers should know that financially healthy hospitals may be better able to provide charity care and invest in infrastructure, and technology.

Revenue

  • Net patient service revenue $422,657,737
  • Other operating revenue $103,007,864
  • Net assets released from restriction $0
  • Total operating revenue $525,665,601

Expense

  • Labor$315,005,028
  • Non-labor$205,022,895
  • Capital$33,600,765
  • Taxes$1,643,356
  • Total operating expense$555,272,044
  • .
  • Operating income($29,606,443)
  • Net non-operating gains (loss)$133,355,962
  • Revenue and gains
    in excess of expenses and losses$103,749,519

Balance Sheet

  • Current assets$212,831,857
  • Net fixed assets$469,769,867
  • Other assets$652,215,530
  • Total assets$1,334,817,254
  • .
  • Current liabilities$74,374,436
  • Long term liabilities$369,221,081
  • Total liabilities$443,595,517
  • Total net assets$891,221,737
Click here for more information on operating and total margins.
Updated on: 05/18/2023

Subsidiaries

The facilities included below submit Annual Historical Filings to VHI, inclusive of financial and utilization information.
Please note that this is not a comprehensive list of subsidiaries associated with each parent company.
Facility Name City Facility Type
Children's Hospital of The King's Daughters 
601 Children's Lane		Norfolk Children's Hospital
CHKD Health & Surgery Center (Newport News) 
11783 Rock Landing Drive		Newport News Ambulatory Surgical Hospital
CHKD Health & Surgery Center (Virginia Beach) 
2021 Concert Drive		Virginia Beach Ambulatory Surgical Hospital
Total Facilities: 3