McLEAN IN THE NEWS
Partners Research Revenue Report Shows Strong Growth at McLean
July 31st, 2005
The Partners Research Revenue Report for the month ending June, 2005, continues to reflect strong growth trends in McLean's research program. Fiscal year-to-date, our total research revenue is $2.9 million ahead of budget, and represents a growth of 12.14 percent from this same time last year. Indirect revenue, particularly important to the hospital's budget, is running $856,000 ahead of budget and shows a growth of 15.5 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 9.3 percent and overhead density grew 15.75 percent during the same period.