Great Neck, N.Y.-based North Shore-Long Island Jewish Health System's operating margin for the second quarter of 2014 was 1.1 percent, compared to 1.7 percent for the same quarter in 2013.
The health system's net income was $122.2 million for the second quarter, up from $98.1 million for the second quarter of 2013. For the six months ended June 30, North Shore-LIJ's operating income was $38.1 million, down from $57.2 million for the second quarter of 2013.
The health system's operating cash flow margin was 7.0 percent for the second quarter of 2014, compared to 7.3 percent for the six months ended June 30, 2013.
North Shore-LIJ's second-quarter operating results were negatively affected by the severe weather in the
In addition, investments in the health system's two provider-owned insurance companies — collectively named North Shore-LIJ CareConnect — had a negative impact on the health system's second-quarter financials. North Shore-LIJ CareConnect began offering commercial and Medicaid managed-care plans in November 2013.
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