Though hospitals in every other region of the state posted record profits in 1997, Western New York facilities collectively finished that year $7.3 million in the red, according to an annual report by the state Department of Health.
Across the state, hospitals together showed a surplus of $739 million in 1997, which represents a more than 42 percent increase over the previous year. On a base of revenues of $25.7 billion, the 1997 surplus amounts to 3 percent, according to the report.
Net surpluses in 1997 ranged from $752,000 in the Watertown area to $337 million in New York City.
Western New York's poor showing is a reflection of the area's different health care economy, one that includes the country's highest managed care penetration …