Boston’s Children’s Hospital reported that it earned $113 million on operations in the fiscal year that ended Sept. 30 — a 28 percent jump from the year before.
“The growth was fueled largely by international patients: Revenue from these patients soared 47 percent from last year, nearly six times the pace of revenue growth from local patients,” The Boston Globe reported.
Children’s has increased marketing abroad in recent years to attract new international business.”
As with Ivy League and other prestigious parts of American higher education, prestigious teaching hospitals such as Boston Children’s are in a strong position to lure affluent foreigners who can pay full freight. This business can offset some of the losses from serving American patients. But the vast majority of American hospitals, of course, lack that allure.