Geisinger's operating margin improves as premium revenue increases

Danville, Pa.-based Geisinger Health System reported operating income of $159.8 million on revenue of $4.6 billion for the fiscal year that ended June 30, compared to operating income of $136.8 million on revenue of nearly $4 billion for FY 2014.

The boost in the system's revenue in the most-recent fiscal year was partially attributable to a 22.5 percent uptick in net patient service revenue. Geisinger also reported its premium revenue grew 7.8 percent in FY 2015 compared to the year prior.

The system ended FY 2015 with a 3.5 percent operating margin, up from a 3.4 percent operating margin in FY 2014.

After accounting for a hit on its investments, Geisinger reported a net surplus of $194.8 million for FY 2015, down 54.5 percent from last year.

More articles on healthcare finance:

Ohio hospital at risk of losing Medicare funding
8 recent hospital outlook and credit rating actions
Legislators reach compromise to privatize North Carolina's $15B Medicaid program

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars