Below are three things to know about Aurora Health Care’s 2015 finances.
1. Aurora Health Care recorded revenue of $4.9 billion last year, which was a 4.5 percent increase over revenue of $4.7 billion in 2014.
2. Aurora CFO Gail Hanson attributed the increase in revenue to higher patient volumes at hospitals and clinics along with a price increase from commercial payers, reports Milwaukee Business Journal.
3. The system’s revenue gains were offset by rising expenses, which increased to $4.5 billion in 2015, compared to $4.2 billion the year prior.
4. Aurora ended 2015 with net income of $442.7 million, down 17.9 percent from $539.1 million in 2014.
More articles on finance issues:
Moody’s assigns ‘A1’ rating to Saint Luke’s Health System’s bonds
Moody’s rates MercyRockford Health System’s bonds, downgrades Mercy Alliance’s rating
Fitch affirms Einstein Healthcare Network’s ‘BBB’ rating
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