Hospital Authority of Norfolk

General Info

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

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Financial Information

For Fiscal Year 7/1/2018 - 6/30/2019
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 $40,525,153
Other operating revenue $529,312
Net assets released from restriction $0
Total operating revenue $41,054,465

Expense

Labor$27,249,143
Non-labor$9,630,030
Capital$2,498,471
Taxes$4,021
Total operating expense$39,381,665
.
Operating income$1,672,800
Net non-operating gains (loss)$374,175
Revenue and gains
in excess of expenses and losses$2,046,975

Balance Sheet

Current assets$49,394,375
Other assets$39,476,161
Total assets$88,870,536
.
Current liabilities$6,587,390
Long term liabilities$6,780,000
Total liabilities$13,367,390
Total net assets$75,503,146

Click here for more information on operating and total margins.

Updated on: 11/1/2021

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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