The system is aiming for $15.8 billion in operating revenue this year, according to the presentation. It has also set a 2.7% target for operating income margin and a 7.7% EBIDA margin.
Cleveland Clinic is forecasting $14.4 billion in operating revenues in 2023, according to the presentation.
Officials are forecasting a 0.3% operating margin for the system in 2023 and a 1.7% operating margin for U.S. operations (which excludes London).
The system is expecting the cost of salaries and benefits to represent 58% of its revenue in 2023, up from 54% in 2019.
The presentation said the system’s strategy involves transforming care, empowering caregivers, uplifting communities and sustainability.
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
