Despite reimbursement issues, Lawrence Memorial revenue up 8%

Auditors confirmed Lawrence (Kan.) MemorialHospital experienced an increase in revenue in fiscal year 2015 and a slight downturn in third-party reimbursements, reports Lawrence Journal-World.

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Below are three things to know.

1. The audit report noted third-party reimbursements dipped slightly in FY 2015 to $2.1 million from $2.6 million in 2014.

2. The hospital ended FY 2015 with net operating income of $18.2 million, a $6 million increase from 2014.

3. LMH posted $203 million in revenue in FY 2015, a $17 million increase from revenue in FY 2014.

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