The not-for-profit system saw operating revenues of $4 billion in the quarter ended March 31, up from $3.7 billion posted over the same period in 2023. Operating expenses were $4 billion, up from $3.6 billion.
Salaries, wages and employee benefits rose 7.5% year over year to $1.5 billion, according to the report. Supply and other costs rose 14% to $1 billion.
The system posted a 1.6% operating margin in the first quarter, compared to a 2.7% margin in the same period last year.
Corewell saw a net income of $317.5 million in the first quarter, down from a net income of $360.6 million in the same period in 2023.
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
