Wexner Medical Center posts 13.7% operating margin

The Ohio State University Wexner Medical Center in Columbus posted a 13.7 percent operating margin for the fiscal year that ended June 30, according to a Columbus Business First report.

Advertisement

The hospital reported operating income of $324 million on nearly $2.4 billion in revenue, which far exceeded the system’s budget projections for the fiscal year. In 2014, Wexner Medical Center reported operating income of $225 million on $2.1 billion in revenue, according to the report.

The hospital expects its pace to continue, as the 2016 budget proposed to trustees projects Wexner Medical Center will post $346 million in operating income on $2.6 billion in revenue, according to the report.

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.