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.
More articles on hospital finance issues:
Audit: MassHealth paid $476k to banned physicians
S&P revises Peninsula Regional Medical Center’s outlook to stable
S&P assigns ‘A+’ rating to Saint Luke’s Health System’s bonds
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