Hospital Authority of Norfolk

General Info

Our General Information includes locations, prices, facility size and other information to get you started comparing facilities.

Address:
1309 Kempsville Road
Norfolk, VA 23502
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(757) 461-5001

Administrator:
Thomas J. Orsini
President/CEO

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Website: laketaylor.org

Updated on: 12/17/2021

Financial Information

For Fiscal Year 7/1/2019 - 6/30/2020
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 $40,496,923
Other operating revenue $1,181,193
Net assets released from restriction $0
Total operating revenue $41,678,116

Expense

Labor$27,053,060
Non-labor$9,597,712
Capital$2,713,818
Taxes$1,457
Total operating expense$39,366,047
.
Operating income$2,312,069
Net non-operating gains (loss)$879,847
Revenue and gains
in excess of expenses and losses$3,191,916

Balance Sheet

Current assets$52,676,226
Net fixed assets$19,708,744
Other assets$19,019,549
Total assets$91,404,519
.
Current liabilities$6,564,900
Long term liabilities$6,420,000
Total liabilities$12,984,900
Total net assets$78,419,619

Click here for more information on operating and total margins.

Updated on: 06/28/2022

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
Lake Taylor Hospital - LTCU 1309 Kempsville Road	Norfolk	Hospital - Long Term Care Unit
Lake Taylor Transitional Care Hospital 1309 Kempsville Road	Norfolk	Sub-Acute Hospital
Total Facilities: 2

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