Although the health system’s operating surplus increased during the nine months ended Sept. 30, its total surplus of $242.4 million was down from the $542.7 million it posted for the same period of 2013.
Banner reported $4 billion in revenue in the nine months ended Sept. 30, up from $3.8 billion in the same period of last year. However, the system’s expenses also grew to $3.8 billion, up from $3.6 billion for the corresponding quarter in 2013. Banner’s expenses related to supplies grew to $639 million during the nine-month period, up from $596.4 million in the same period of last year.
More articles on healthcare finance:
Parkland Memorial Hospital no longer at risk of losing $400M in federal funding
Apollo Medical Holdings’ revenue up 362% in Q2: 5 things to know
For-profit hospital Q3 financial results: 15 things to know
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
