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Twenty-four of the state's 28 hospitals finished 2018 in the black, realizing a 5.92% profit margin, down from 2017’s 7.05%.
The hospital also operates a business office at the 3-story, 105,000-square-foot medical office building.
The hospital will hold a ribbon-cutting ceremony for the opening of both the new Yale New Haven Children’s Hospital Pediatric Specialty Center and the Greenwich Hospital Pediatric Outpatient Clinic on Nov. 14.
Hospitals statewide earned $464 million in income from nonoperating sources of revenue for the fiscal year ending Sept. 30, 2017, a 10 percent decrease from the previous year.
Greenwich Hospital said its hospice care services had experienced "a significant decline in volume and lower than expected community utilization."
“We’re fortunate in that the communities we serve like to be a part of us reaching our goals,” said Greenwich Hospital COO Diane Kelly.
The fees are collected for a range of services, such as eye surgery and psychotherapy, performed at off-site facilities run by hospitals and health networks.
The hospital stated that it was the only medical center in Fairfield and Westchester counties to offer this new technology.
Arthur C. Martinez, chairman of Greenwich Hospital’s board of trustees, said the investment will ensure "we stay in the forefront of health care delivery."
Dozens of successful medical office conversions have taken place in the region over the past couple of years and seem likely to continue for at least the foreseeable future, according to Sean McDonnell, principal at Avison Young's Fairfield/Westchester office.
Helene Kimmons of Port Chester was honored with the Marian Nowak Award – given to the employee who embodies the best of Greenwich Hospital’s values – at the annual Employee Service Awards Dinner.
As part of its National Nurses Week celebration, Greenwich resident Dawn Schupp received the Helen Meehan Award for Excellence in Nursing – Greenwich Hospital’s highest nursing honor – for demonstrating excellence in nursing practice, teaching and leadership.