The system reported revenue of nearly $1.8 billion for fiscal 2015, compared to about $1.6 billion last year. The revenue growth was partially attributable to a 6.2 percent increase in patient admissions, according to the report.
MHS also provided less charity care in fiscal 2015 than the year prior, which helped its bottom line. The system provided $300.6 million in charity care in FY 2015, down from $455.4 million in fiscal 2014.
More articles on healthcare finance:
HFMA: 11 notes from the press room
How quickly will a hospital return a call about the price of an MRI?
8 recent hospital outlook and rating actions
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
