The reported revenue is part of a preliminary financial report that will be presented to Iowa’s Board of Regents tomorrow, according to the report.
The $1.03 billion in revenue indicates a 9 percent increase over last fiscal year’s revenue. UIHC’s operating margin for FY 2011 was 5.9 percent. The health system’s financial increases were principally due to larger patient volumes, according to the report.
Related Articles on UIHC:
Iowa and UIHC Settles Negligence Lawsuit Without Admitting Wrongdoing
Judge Questions Legality of Secrecy Clause in University of Iowa Hospitals Malpractice Settlement
University of Iowa Hospitals Reports $75M Revenue Increase Compared to Last Year
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
