NorthShore recorded revenue of $2.05 billion in FY 2016, up 4.6 percent from $1.96 billion in the year prior. Total net patient service revenue climbed 5.4 percent year over year to $1.93 billion in FY 2016.
However, the system’s expenses outpaced its revenue growth. In FY 2016, NorthShore’s expenses totaled $1.91 billion, up 5.5 percent from $1.81 billion in FY 2015.
NorthShore ended FY 2016 with operating income of $138.88 million, a 6.8 percent decrease from operating income of $149.09 million in FY 2015.
After factoring in nonoperating income, NorthShore reported net income of $133.62 million in FY 2016, up from $90.86 million in the year prior.
More articles on healthcare finance:
100 things to know about Medicare reimbursement | 2017
A state-by-state breakdown of hospital adjusted expenses per inpatient day
6 latest hospital bankruptcies, closures
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
