While operating revenue increased for the fiscal year ending Aug. 31, 2022, the group’s operating expenses rose nearly $800 million, or 12.9 percent, to total $6.9 billion, mainly driven by a jump in salary and benefits cost. Investment declines further dragged down the group’s performance so that it finished the year with a gain of $395.5 million compared with a gain in 2021 of $1.58 billion.
The system finished the fiscal year with 274 days of cash on hand versus 318 at the same time last year.
Stanford Health Care-Stanford Hospital is ranked No. 10 on U.S. News & World Report‘s “Best Hospitals Honor Roll.” It is nationally ranked in 11 adult specialties and rated high performing in two adult specialties and 18 procedures and conditions.
