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.
More articles on healthcare finance:
Louisiana hospital gives up charitable status to avoid tax penalties
Mayo operating income dips 36.9% as expenses rise
California hospital to close after restructuring plan fails
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.