El Camino Hospital's financial officials anticipate the local healthcare organization will rake in about $78 million in profits over the next fiscal year, according to the new hospital budget which was approved by the board of directors last week.
The budget, approved by the ECH board at its June 12 meeting, anticipates the hospital will bring in around $717.5 million in net revenue and will spend about $664.4 million on operational costs, such as employee salaries, benefits, supplies and equipment. That leaves the hospital with approximately $53 million in net operational income. After factoring in $25 million in non-operational income, such as money earned on investments, officials anticipate the entire organization will make $78 million in net income.
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