AHN saw revenues climb to $2.85 billion in 2016, up from $2.64 billion in 2015. The system said inpatient discharges increased nearly 2 percent year over year to 87,208 in 2016.
However, higher-than-projected expenses caused the system’s operating loss to widen last year.
An AHN spokesman told the Pittsburgh Post-Gazette the rise in expenses was due, in part, to revenue cycle office restructuring costs. The system also recorded year-over-year increases in labor and supplies costs.
After factoring in investment income and interest expense, AHN ended 2016 with a net loss of $40.04 million, compared to a $39 million net loss in 2015.
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