Rush reported a 4.4 percent operating margin for the most-recent fiscal year, up from a 4.2 percent operating margin in 2014.
The system’s finances received a boost from a 5.3 percent increase in net patient service revenue in FY 2015 compared to last year. That was largely attributable to a 2.9 percent uptick in admissions and an increase in emergency department activity.
After accounting for a $117.7 million loss on extinguishment of debt, Rush ended the fiscal year with a $17 million net loss. That’s compared to a net surplus of $132.4 million in the fiscal year that ended June 30, 2014.
More articles on healthcare finance:
How CHS, Tenet, UHS, LifePoint and HCA fared on ‘Black Monday’
Bankrupt Georgia hospital accused of putting patients at risk
4 hospitals receive credit downgrades in past month
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
