Financial updates from Geisinger, UPMC & 4 other systems

The following six health systems recently released their financial statements for fiscal year 2017.

Advertisement

1. Edward-Elmhurst Health, a three-hospital system based in Naperville, Ill., reported revenues of $1.37 billion in fiscal year 2017, which ended June 30, up from revenues of $1.25 billion in fiscal year 2016. Edward-Elmhurst ended fiscal year 2017 with operating income of $1.75 million, down 90.1 percent from $17.69 million in fiscal year 2016.

2. Danville, Pa.-based Geisinger’s revenues climbed 14.3 percent year over year to $6.3 billion in fiscal year 2017. The system recorded operating income of $109.6 million in the fiscal year ended June 30, down 34.6 percent from $167.5 million in the year prior.

3. Baltimore-based Johns Hopkins Health System recorded revenues of $6.2 billion in fiscal year 2017, up nearly 6 percent from revenues of $5.8 billion in the year prior. The six-hospital system’s operating income dropped 26.9 percent year over year to $153.2 million in fiscal year 2017.

4. Philadelphia-based Temple University Health System reported revenues of $1.75 billion in fiscal year 2017, up from $1.64 billion in the year prior. The system ended the most recent fiscal year with an operating loss of $5.76 million, compared to operating income of $4.36 million in the year prior.

5. Kansas City-based University of Kansas Health Systemreported operating revenue of $2.1 billion in fiscal year 2017, compared to $1.7 billion in fiscal year 2016. The system recorded operating income of $73 million in fiscal year 2017, a 46.2 percent year-over-year decrease from $135.8 million.

6. Pittsburgh-based UPMCrecorded revenues of $14.3 billion in the fiscal year ended June 30, compared to revenues of $12.8 billion in fiscal year 2016. The health system recorded operating income of $240 million in fiscal year 2017, down 22.5 percent from operating income of $310 million in fiscal year 2016. 

More articles on healthcare finance:

Tenet shutters 4 regional management offices to cut costs
7 hospitals with strong finances
Virginia hospital closes

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.