How Cleveland Clinic, Intermountain, Mayo and Presence Health fared in 2015

The following four health systems recently released financial results for 2015.

Advertisement

1. Chicago-based Presence Health reported an operating loss of about $186 million on $2.5 billion in revenue last year. In 2014, the system reported an operating loss of $12.7 million on nearly $2.6 billion in revenue.

2. Intermountain Healthcare recorded revenue of $6.1 billion in 2015, up 9.6 percent from a year earlier. The Salt Lake City-based system posted operating income of $228.5 million in 2015, down 24.1 percent from $301.4 million in 2014.

3. Rochester, Minn.-based Mayo Clinic said revenue increased 5.7 percent to $10.3 billion last year. The system reported operating income of $526 million in 2015 — a 36.9 percent drop from the year prior.

4. Cleveland Clinic posted revenue of $7.2 billion in 2015, a 7 percent increase over 2014. The hospital network recorded operating income of $481 million, up 3 percent from the year prior.

More articles on healthcare finance:

Boston Children’s operating income plummets 71% in Q1
Michigan hospitals would have to publicize chargemasters under proposed legislation
House Republicans unveil 2017 budget: 7 things for healthcare leaders to know

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.