Here are five key points from the system’s financials for last quarter.
1. The system’s revenue increased to $1.2 billion, up from $1.1 billion in the same period of last year.
2. Henry Ford reported net patient service revenue of $546.2 million, up from $510 million a year ago.
3. The system’s expenses increased 3.8 percent in the three months that ended March 31, growing to nearly $1.2 billion.
4. Henry Ford reported investment income of nearly $11.6 million, up from $10.9 million in the comparable period of last year.
5. Total admissions at Henry Ford’s facilities remained almost unchanged in the three months that ended March 31, growing to 23,809, up from 23,087 in the same period of last year.
More articles on healthcare finance:
UPMC operating income falls 68% last quarter: 5 key points
10 hospital CFOs in the headlines this week
6 recent hospital outlook and rating actions
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
