Catholic Health's hospitals sees 84% drop in net income: 3 things to know

Buffalo, N.Y.-based Catholic Health's hospitals ended 2015 with a net surplus of $5.6 million, down 84 percent from a year earlier, according to a Buffalo Business First report.

Those numbers came from unaudited financial statements, which do not include the health system's home care and long-term care business lines.

Here are three things to know about Catholic Health's most-recent financials.

1. For hospital business, Catholic Health reported revenue increased 2.1 percent year over year to $895.6 million in 2015.

2. The health system reported expenses and bad debt related to its hospital business increased in 2015, growing 5.6 percent and 5 percent, respectively.

3. Catholic Health reported patient discharges and outpatient visits were down in 2015, while observation visits, emergency room visits and ambulatory surgery cases increased.

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