Financial updates from 6 hospitals, health systems

The following six hospitals and health systems recently released their financial statements for 2015.

1. Nashville, Tenn.-based HCA Holdings said its revenue grew to $39.67 billion in 2015, up slightly from the year prior. HCA reported net income of $2.12 billion for 2015, up from $1.87 billion the year prior.

2. Duke University Health System said its revenue increased 18 percent in fiscal year 2015, compared to the year prior. The Durham, N.C.-based health system reported operating income of $355 million — the highest grossed in the system's history.

3. Tufts Medical Center in Boston reported revenue of $915.1 million in fiscal year 2015, up from $908.7 million the year prior. Tufts suffered an operating loss of $15.4 million in the fiscal year that ended Sept. 30, down from an $8.6 million operating surplus the year prior.

4. Pittsburgh-based Allegheny Health Network reported revenue of more than $2.6 billion last year, but a $36.5 million operating loss took a toll on its finances.

5. Bristol (Conn.) Hospital posted about $135.5 million in revenues last year, down from $142 million the year prior. The hospital ended 2015 with operating income of $532,664, down from $1 million in 2014.

6. Inspira Medical Center Woodbury (N.J.) saw its revenue jump to $181.3 million in 2015, up from $170.6 million the year prior. The hospital reported an operating gain of more than $2.6 million last year, compared to a loss of nearly $4.6 million in 2014.

More articles on healthcare finance:

Baylor Scott & White to close facility as services are consolidated
UPMC: Highmark overstated cash reserves by nearly 50%
Tenn. hospital granted emergency $10M after 'serious deficiencies' found at facility

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars