McLEAN IN THE NEWS
Partners Revenue Report Shows Strong Research Growth
June 30th, 2005
The Partners Research Revenue Report for the month ending May, 2005, continues to reflect strong growth trends in McLean's research program.
Fiscal year-to-date, our total research revenue is $2.48 million ahead of budget, and represents a growth of 14.3 percent from this same time last year. Indirect revenue, particularly important to the hospital's budget, is running $774,000 ahead of budget and shows a growth of 17.4 percent from that collected by this time in the last fiscal year.
Although no new research space has been added at McLean in the last twelve months, modified total direct cost revenue density grew 12.3 percent and overhead density grew 17.5 percent during the same period.