14 los angeles business journal may 8, 2017 list · the leukemia & lymphoma society is proud...

14 LOS ANGELES BUSINESS JOURNAL MAY 8, 2017

Johnese SpissoPresident, UCLA Health;

CEO, UCLA Hospital System;Associate Vice Chancellor,

UCLA Health Sciences

Be Inspired - Join Johnese on the UCLA Campus for our Corporate Networking Breakfast!

Thursday, June 22nd - 7:30am

UCLA Meyer & Renee Luskin Conference Center 425 Westwood Plaza, Los Angeles, CA 90095

RSVPs required to attend. To RSVP, contact Toni Hull at (310) 846-4702 or [email protected]

2017 LOS ANGELES WHITE LANTERN PRESENTING SPONSOR:

The Leukemia & Lymphoma Society is proud and honored to announce our 2017 Corporate Walk Chair for the Los Angeles Light The Night Walk - Johnese Spisso

Register to walk today! lightthenight.org/events/los-angeles

LIGHTTHENIGHT.ORG/CALSOLIGHTTHENIGHT.ORG/CALSO

THE LIST Ranked by 2016 net patient revenueHOSPITALS NEXT WEEK

The Wealthiest Angelenos

($ in millions)Rank Hospital¥ name

¥ address Net PatientRevenue¥ 2016

¥ 2015

Gross PatientRevenue¥ 2016

¥ 2015

Pre-Tax Income(Loss)¥ 2016

¥ 2015

Operating Margin¥ 2016

¥ 2015

Top Executive¥ name

¥ title

¥ phone

1Cedars-Sinai Medical Center8700 Beverly Blvd.Los Angeles 90048

$3,042$2,748

$14,884$13,311

$432$337

10.9%11.7%

Thomas M. PriselacCEO, President(310) 423-3277

2Ronald Reagan UCLA Medical Center757 Westwood PlazaLos Angeles 90095

1,7551,643

3,8343,678

54100

4.25.6

Johnese SpissoCEO(310) 825-9111

3L.A. County-USC Medical Center1200 N. State St.Los Angeles 90033

1,3641,136

3,8942,548

26476

3.5-10.3

Bonnie BilitchInterim CEO(323) 226-2622

4City of Hope1500 E. Duarte RoadDuarte 91010

968829

3,3132,762

374

3.45.4

Robert StoneCEO, President(626) 256-4673

5Keck Hospital of USC1500 San Pablo St.Los Angeles 90033

910762

3,0883,028

119(9)

12.4-1.1

Rodney HannersCEO(888) 872-2273

6Children's Hospital Los Angeles4650 Sunset Blvd.Los Angeles 90027

906786

2,3582,068

19(57)

0.7-4.5

Paul VivianoCEO, President(323) 660-2450

7Harbor-UCLA Medical Center1000 W. Carson St.Torrance 90509

865983

1,8411,624

319410

9.421.6

Kimberly McKenzieCEO(310) 222-2345

8Huntington Hospital100 W. California Blvd.Pasadena 91105

648553

2,9532,580

54

-2.4-2.6

Stephen A. RalphCEO, President(626) 397-5000

9Long Beach Memorial Medical Center2801 Atlantic Ave.Long Beach 90806

620646

2,3212,264

61102

7.99.5

John BishopCEO(562) 933-2000

10Torrance Memorial Medical Center3330 Lomita Blvd.Torrance 90505

594550

3,3973,160

151

1.21.3

Craig LeachCEO, President(310) 325-9110

11UCLA Medical Center, Santa Monica1250 16th St.Santa Monica 90404

533504

1,2391,165

(6)(268)

3.7-46.4

Johnese SpissoCEO(424) 259-6000

12St. Francis Medical Center3630 E. Imperial HighwayLynwood 90262

525471

1,6441,521

7757

14.811.7

Gerald T. KozaiCEO, President(310) 900-8900

13Presbyterian Intercommunity Hospital12401 Washington Blvd.Whittier 90602

517535

3,4203,385

6434

6.68.0

James R. WestCEO, President(562) 698-0811

Note: Information was obtained from the Office of Statewide Health Planning and Development(O.S.H.P.D.) quarterly financial reports as of April 15, 2017. Data is audited and revised byhospitals, which could change rankings on the list. Net patient revenue is defined as totalrevenue less deductions for Medicare, Medi-Cal, and other third-party insurance payments and

provision for bad debt. Operating margin is defined as net operating revenue divided by netoperating income. Only short-term general acute care facilities are included. Kaiser FoundationHospitals and Shriners Hospitals for Children do not report revenue in conventional manners.Hospitals are ranked by net patient revenue for the year ended Dec. 31, 2016.

Researched by David Nusbaum

THE PACESETTER: The largest hospital in Los Angeles County ranked by net patient revenue is Cedars-Sinai Medical Center. Net patient revenue at the Beverly Grove hospital increased to $3.04 billion last year from $2.75 billion in 2015. It reported pre-tax income of $432 million last year, an increase from $337 million in 2015. Its operating margin was 10.9 percent last year. Net patient revenue is defined as total revenue less deductions for Medicare, Medi-Cal, other third-party insurance payments, and provisions for bad debt.

1

Continued on page 16

14-19_list_hospital_revenue.indd 14 5/4/2017 3:32:45 PM

16 LOS ANGELES BUSINESS JOURNAL THE LIST MAY 8, 2017

Continued from page 14HOSPITALS

REGISTER TO ATTEND

The Los Angeles Business Journal is proud to present the Health Care Leadership Forum & Awards. This newly expanded format will bring together LA’s most elite industry officials for a panel discussion about the state of health care, delivery of care, and the impacts to businesses in Southern California. We will also highlight the accomplishments of individuals and organizations that have made great strides in providing better-quality health care and setting the industry standards. Don’t miss this opportunity to be involved in the conversation, to get informed, and honor our Leaders of Health Care.

For more information, please visit www.labusinessjournal.com/bizevents.

Forum and Awards:

Thursday, May 11, 20177:00am – 10:30am Omni Los Angeles Hotel251 S Olive StreetLos Angeles, CA 90012Tickets: $100 / Corporate Table of 10: $900

Centinela Hospital Medical Center Children’s Hospital Los AngelesEncino Hospital Medical CenterSherman Oaks Hospital

GOLD SPONSORS:PLATINUMSPONSORS:

($ in millions)Rank Hospital¥ name

¥ address Net PatientRevenue¥ 2016

¥ 2015

Gross PatientRevenue¥ 2016

¥ 2015

Pre-Tax Income(Loss)¥ 2016

¥ 2015

Operating Margin¥ 2016

¥ 2015

Top Executive¥ name

¥ title

¥ phone

14Providence Holy Cross Medical Center15031 Rinaldi St.Mission Hills 91345

$494$461

$2,546$2,431

$1$65

-0.5%13.3%

Bernard KleinCEO(818) 365-8051

15California Hospital Medical Center1420 S. Grand Ave.Los Angeles 90015

455338

1,4061,342

49(34)

10.0-9.7

Margaret PetersonPresident(213) 748-2411

16Citrus Valley Medical Center1115 S. Sunset Ave.West Covina 91790

450397

1,2611,202

4420

8.75.1

Robert CurryCEO, President(626) 962-4011

17White Memorial Medical Center1720 Cesar E. Chavez DriveLos Angeles 90033

438401

2,1112,144

5033

8.55.1

John RaffoulCEO, President(323) 268-5000

18Pomona Valley Hospital Medical Center1798 N. Garey Ave.Pomona 91767

438432

3,6713,443

(20)(2)

-4.3-1.1

Richard E. YochumCEO(909) 865-9500

19Providence Saint Joseph Medical Center501 S. Buena Vista St.Burbank 91505

423416

2,3552,276

(80)(9)

-17.2-1.6

Kelly LindenCEO(818) 843-5111

20Providence Little Company of Mary Torrance4101 Torrance Blvd.Torrance 90503

413397

1,9211,999

(67)(28)

-16.6-6.0

Mary KingstonCEO(310) 540-7676

21Antelope Valley Hospital1600 W. Avenue JLancaster 93534

412406

1,7341,507

621

1.04.6

Michael WallCEO, President(661) 949-5000

22Glendale Adventist Medical Center1509 Wilson TerraceGlendale 91206

410396

2,3302,173

(7)(9)

-2.0-3.1

Kevin RobertsCEO, President(818) 409-8000

23Northridge Hospital Medical Center18300 Roscoe Blvd.Northridge 91325

401363

2,0631,850

11(4)

2.2-1.4

Saliba H. SaloCEO, President(818) 885-8500

24Miller Children's Hospital Long Beach2801 Atlantic Ave.Long Beach 90806

381420

985996

(15)(9)

-5.5-3.6


25Valley Presbyterian Hospital15107 Vanowen St.Van Nuys 91405

360335

908851

4026

7.97.4

Gustavo ValdespinoCEO, President(818) 782-6600

Note: Information was obtained from the Office of Statewide Health Planning and Development(O.S.H.P.D.) quarterly financial reports as of April 15, 2017. Data is audited and revised byhospitals, which could change rankings on the list. Net patient revenue is defined as totalrevenue less deductions for Medicare, Medi-Cal, and other third-party insurance payments andprovision for bad debt. Operating margin is defined as net operating revenue divided by netoperating income. Only short-term general acute care facilities are included. Kaiser FoundationHospitals and Shriners Hospitals for Children do not report revenue in conventional manners.Hospitals are ranked by net patient revenue for the year ended Dec. 31, 2016.

To the best of our knowledge, this information is accurate as of press time. While every effortis made to ensure the accuracy and thoroughness of the list, omissions and typographicalerrors sometimes occur. Please send corrections or additions on company letterhead to theResearch Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, LosAngeles 90036. ©2017 Los Angeles Business Journal. This list may not be reprinted in wholeor in part without prior written permission from the editor. Reprints are available fromWright’s Media (877) 652-5295.


Continued on page 18

BURBANK: Kelly Linden was named chief executive of Providence Saint Joseph Medical Center this month.

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18 LOS ANGELES BUSINESS JOURNAL THE LIST MAY 8, 2017

Continued from page 16HOSPITALS($ in millions)Rank Hospital

• name

• address Net PatientRevenue• 2016

• 2015

Gross PatientRevenue• 2016

• 2015

Pre-Tax Income(Loss)• 2016

• 2015

Operating Margin• 2016

• 2015

Top Executive• name

• title

• phone

26Olive View-UCLA Medical Center14445 Olive View DriveSylmar 91342

$351$328

$1,085$807

($19)($7)

-22.7%-26.2%

Judith MaassCEO(818) 364-1555

27Providence Saint John's Health Center2121 Santa Monica Blvd.Santa Monica 90404

321319

1,2031,126

(72)(14)

-20.5-2.5

Marcel LohCEO(310) 829-5511

28Garfield Medical Center525 N. Garfield Ave.Monterey Park 91754

320309

1,6711,659

2219

5.25.6

Patrick PetreCEO(626) 573-2222

29Henry Mayo Newhall Hospital23845 W. McBean ParkwayValencia 91355

314309

1,4361,316

2824

3.85.6

Roger E. SeaverCEO, President(661) 253-8000

30Methodist Hospital of Southern California300 W. Huntington DriveArcadia 91007

294299

1,5381,453

1212

2.94.1

Dan AusmanCEO, President(626) 898-8000

31Hollywood Presbyterian Medical Center1300 N. Vermont Ave.Los Angeles 90027

286275

1,006978

4357

13.116.1

Gerald CluteCEO, President(213) 413-3000

32St. Mary Medical Center1050 Linden Ave.Long Beach 90813

281252

910867

(7)1

-2.50.2

Carolyn CaldwellCEO, President(562) 491-9000

33Good Samaritan Hospital1225 Wilshire Blvd.Los Angeles 90017

280287

1,4681,437

11(3)

-1.5-5.7

Andrew B. LeekaCEO, President(213) 977-2121

34Pacific Alliance Medical Center531 W. College St.Los Angeles 90012

278NA

349NA

1NA

0.6NA

John EdwardsCEO(213) 624-8411

35Southern California Hospital at Hollywood6245 De Longpre Ave.Hollywood 90028

270264

1,1271,135

1320

4.77.6

Catherine ShitaraCEO(323) 462-2271

36Providence Tarzana Medical Center18321 Clark St.Tarzana 91356

262248

1,3931,395

(57)(24)

-22.4-9.7

Dale SurowitzCEO(818) 881-0800

37Centinela Hospital Medical Center555 E. Hardy St.Inglewood 90301

258259

1,1841,257

1625

7.110.5

Linda BradleyCEO(310) 673-4660

38St. Vincent Medical Center2131 W. Third St.Los Angeles 90057

226214

1,2911,130

(40)(32)

-17.7-14.6

Frank CracoliciCEO, President(213) 484-7111

39West Hills Hospital & Medical Center7300 Medical Center DriveWest Hills 91307

219227

1,7541,642

1831

8.013.3

Douglas LongCEO, President(818) 676-4000

40Glendale Memorial Hospital & Health Center1420 S. Central Ave.Glendale 91204

212197

9921,036

(39)(45)

-18.0-22.5

Jack IviePresident(818) 502-1900

41USC Kenneth Norris Jr. Cancer Hospital1441 E. Lake Ave.Los Angeles 90089

209192

680644

4332

20.016.4

Rodney HannersCEO(323) 865-3000

42Lakewood Regional Medical Center3700 E. South St.Lakewood 90712

200187

1,2611,206

85

3.62.2

John GrahCEO(562) 531-2550

43Beverly Hospital309 W. Beverly Blvd.Montebello 90640

190177

409380

98

4.64.4

Alice ChengCEO, President(323) 726-1222

44Providence Little Company of Mary San Pedro1300 W. Seventh St.San Pedro 90732

180163

810823

(23)(11)

-13.1-5.8

Mary KingstonCEO(310) 832-3311

45Alhambra Hospital100 S. Raymond Ave.Alhambra 91801

173183

519539

99

4.84.9

Iris LaiCEO(626) 570-1606

46Palmdale Regional Medical Center38600 Medical Center DrivePalmdale 93551

169151

1,2561,038

3338

19.524.8

Richard AllenCEO(661) 382-5000

47Los Angeles Community Hospital4081 E. Olympic Blvd.Los Angeles 90023

166149

523515

3442

20.427.9

Hector HernandezCEO(323) 267-0477

48San Gabriel Valley Medical Center438 W. Las Tunas DriveSan Gabriel 91776

162166

1,0671,093

(6)1

-3.70.4

Karen Price-GharzeddineCEO(626) 289-5454

49PIH Health Hospital - Downey11500 Brookshire Ave.Downey 90241

147144

9981,019

(4)(1)

-2.5-0.7

Ramona PrattCOO(562) 904-5000

50Martin Luther King Jr. Community Hospital1680 E. 120th St.Los Angeles 90059

14156

1,838414

34(4)

14.0-4.7

Elaine BatchlorCEO(424) 338-8000

51Whittier Hospital Medical Center9080 Colima RoadWhittier 90605

133140

846799

1821

13.515.3

Rick CastroCEO(562) 945-3561

52Monterey Park Hospital900 S. Atlantic Blvd.Monterey Park 91754

105115

649614

1314

12.612.3

Philip CohenCEO(626) 570-9000




0

120

240

360

480

600

Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60

Location DollarsThird quarter average asking rents by submarket for Class A office property.

Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%

Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2

Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55

Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5

’12 ’13 ’14 ’15 ’16

$2.1

1.8

1.5

1.2

0.9

0.6

14 16’15 ’1’1 ’1

Market Rebound

’12

8

5

2

9

6

13 ’1’1 ’11 ’12 ’13 ’14 ’15

4,600

4,500

4,400

4,300

4,200

4,100

4,000’13

4,578

4,456

4,289

4,146

4,068

15’14 ’1’1 ’1

Shaking Out

’11

0

0

0

0

0

0

0’12 ’1’1

2010 2011 2012 2013 2014

Patient Profits

Bed Rest

’12 ’13 ’14 ’15 ’16

18,500

18,000

17,500

17,000

16,500

16,000

15,50014 16’15 ’1’1 ’1’12

0

0

0

0

0

0

013 ’1’1Patient Profits

Pre-tax net income for L.A. County hospitals increased last year. (in billions)

Source: Office of Statewide Health Planning and Development

HOLLYWOOD: Hollywood Presbyterian Medical Center announced plans to invest $200 million in a hospital expansion. The first phase of the plan will be a new emergency department that will increase the size of the department from 11,000 square feet to 26,000 square feet and increase beds from 20 to 26. The first phase will also add a 650-spot parking structure. The hospital expects to begin construction later this year and complete the project by 2019.

EXECUTIVE: Frank Cracolici was named chief executive and president at St. Vincent Medical Center last year.

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MAY 8, 2017 THE LIST LOS ANGELES BUSINESS JOURNAL 19

HOSPITALS($ in millions)Rank Hospital

• name

• address Net PatientRevenue• 2016

• 2015

Gross PatientRevenue• 2016

• 2015

Pre-Tax Income(Loss)• 2016

• 2015

Operating Margin• 2016

• 2015

Top Executive• name

• title

• phone

53Sherman Oaks Hospital & Health Center4929 Van Nuys Blvd.Sherman Oaks 91403

$104$107

$442$449

$10$16

9.8%14.9%

Bockhi ParkCEO(818) 981-7111

54Pacifica Hospital of the Valley9449 San Fernando RoadSun Valley 91352

10197

180185

2014

18.513.6

Ayman MousaCEO(818) 767-3310

55Foothill Presbyterian Hospital250 S. Grand Ave.Glendora 91741

9489

314311

75

6.96.6

Robert CurryCEO, President(626) 963-8411

56Memorial Hospital of Gardena1145 W. Redondo Beach Blvd.Gardena 90247

9289

612594

25

2.75.3

Kathy WojnoCEO(310) 532-4200

57Marina Del Rey Hospital4650 Lincoln Blvd.Marina Del Rey 90291

8899

424424

(13)1

-13.61.1

Thomas M. PriselacCEO, President(310) 823-8911

58USC Verdugo Hills Hospital1812 Verdugo Blvd.Glendale 91208

8781

346330

(15)(29)

-17.0-35.7

Keith HobbsCEO(818) 790-7100

59Mission Community Hospital14850 Roscoe Blvd.Panorama City 91402

8786

301305

0(1)

0.5-1.1

James TheiringCEO(818) 787-2222

60Olympia Medical Center5900 W. Olympic Blvd.Los Angeles 90036

8686

677676

105

11.76.1

Matthew WilliamsCEO(310) 657-5900

61College Medical Center2776 Pacific Ave.Long Beach 90806

8275

240262

616

7.720.3

Joe AvelinoCEO(562) 997-2000

62Silver Lake Medical Center1711 W. Temple St.Los Angeles 90026

7969

245224

197

21.210.1

Brent CopeCEO(213) 989-6100

63Greater El Monte Community Hospital1701 Santa Anita Ave.South El Monte 91733

7373

325316

67

8.39.2

Stanley ToyCEO(626) 579-7777

64Community Hospital of Long Beach1720 Termino Ave.Long Beach 90804

7174

321295

(2)1

-3.50.6


65San Dimas Community Hospital1350 W. Covina Blvd.San Dimas 91773

6162

280291

33

4.73.7

Kurt WeinmeisterCEO(909) 599-6811

66East Los Angeles Doctors Hospital4060 Whittier Blvd.Los Angeles 90023

5754

312317

51

9.01.5

Araceli LonerganCEO(323) 268-5514

67Encino Hospital Medical Center16237 Ventura Blvd.Encino 91436

4852

254222

31

4.82.3

Bockhi ParkCEO(818) 995-5000

68Community Hospital of Huntington Park2623 E. Slauson Ave.Huntington Park 90255

3838

342316

(2)(0)

-6.4-0.8


69Coast Plaza Hospital13100 S. Studebaker RoadNorwalk 90650

3633

236230

(1)(3)

-3.8-10.1


70Glendora Community Hospital150 W. Route 66Glendora 91740

2925

7974

(8)(8)

-29.1-30.0

Ed MirzabegianCEO, President(626) 852-5000

71Catalina Island Medical Center100 Falls Canyon RoadAvalon 90704

77

1615

(2)(0)

-20.5-5.5

Jason ParetCEO(310) 510-0700

72Kaiser Permanente Los Angeles Medical Center4867 Sunset Blvd.Los Angeles 90027

NANA

NANA

NANA

NANA

William GriceSr. V.P., Area Manager(323) 783-4000

73Kaiser Permanente Downey Medical Center9333 Imperial HighwayDowney 90242

NANA

NANA

NANA

NANA

Jim BranchickSr. V.P., Area Manager(562) 657-9000

74Kaiser Permanente Baldwin Park Medical Center1011 Baldwin Park Blvd.Baldwin Park 91706

NANA

NANA

NANA

NANA

Maggie H. PierceSr. V.P., Area Manager(626) 851-1011

75Kaiser Permanente South Bay Medical Center25825 S. Vermont Ave.Harbor City 90710

NANA

NANA

NANA

NANA

Lesley A. WilleSr. V.P., Area Manager(310) 325-5111

76Kaiser Permanente Woodland Hills Medical Center5601 De Soto Ave.Woodland Hills 91367

NANA

NANA

NANA

NANA

Dennis BentonSr. V.P., Area Manager(818) 719-2000

77Kaiser Permanente Panorama City Medical Center13652 Cantara St.Panorama City 91402

NANA

NANA

NANA

NANA

Payman RoshanSr. V.P., Area Manager(818) 375-2347

78Kaiser Permanente West Los Angeles Medical Center6041 Cadillac Ave.Los Angeles 90034

NANA

NANA

NANA

NANA

Georgina R. GarciaSr. V.P., Area Manager(323) 857-2000

79Shriners Hospital for Children Los Angeles3160 Geneva St.Los Angeles 90020

NANA

NANA

NANA

NANA

Lou LazatinHospital Administrator(213) 388-3151




ACQUISITION: Cedars-Sinai Health System acquired Marina Del Rey Hospital in 2015.

CATALINA: UC Irvine Health Department of Emergency Medicine began providing emergency room services at Catalina Island Medical Center in Avalon last year.

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14 los angeles business journal may 8, 2017 list · the leukemia & lymphoma society is proud...

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