SATURDAY, SEPTEMBER 22: The Bermuda Hospitals Board reported a profit of $18.3 million for 2011.

In its 2011 Annual Report released this week, the BHB reported revenue of $294,0101,126 while total expenses were $275,675,443.

The $18.3 million profit was equal to the same amount of money the BHB made in 2010.

The BHB will have to start making payments on the new hospital in 2014. Chairman Wendall Brown said: "I have also been pleased to note the improved financial stability of BHB in the fiscal year under review. We have a five year rolling strategy to ensure that we prepare for and are ready to meet not only the annual payments from 2014, but the ongoing investment into services and facilities that is required every year to develop in line with international standards and keep our facilities safe."

Healthcare Partners Limited showed a loss of $714,548 in 2011. On April 29, 2010 HPL purchased 60 per cent of the shares in Ultimate Imaging Limited (UIL), a company providing diagnostic services in Bermuda.

The hospitals salaries and employee benefits increased 12.1 per cent in 2011 over 2010. It paid out $152,237,489 million in 2010 but $170,659, 172 in 2011.

It appears the Lamb Foggo Urgent Care Centre may be taking some of the pressure off of emergency room visits at King Edward Memorial Hospital.

In the April to 2009 to March 2010 period, there were 34,439 visits to the Emergency Department at King Edward and it decreased to 33,314 for the same time frame in 2010-11.

Lambo Foggo had 4,343 visits in the 2009-10 time period and 5,667 for the 2010-11 year.

The number of births continued to decline. There were 827 in April 2008 to March 2009, 781 in the 2009-10 year and 747 in 2010-11.

The birth rate has declined by 9.7 per cent over the two-year period.

The average length of stay in King Edward for inpatient – acute care was 8.7 days, down slightly from 8.9 in 2009-10.

The average length of stay for the continuing care units was 513.4 days. The continuing care units were 94 per cent occupied for 2010-11 compared to 90 per cent for 2009-10.

The average length of stay for the nine-bed hospice was 27.5 days last year.