Four things to know:
1. IU Health’s operating revenue totaled $4.9 billion in the first nine months of this year, up 5.3 percent from the same period of the year prior. The health system’s revenue totaled $1.7 billion in the third quarter of this year, up from $1.6 billion in the same quarter of 2018.
2. The health system’s operating expenses climbed 3.2 percent year over year to $4.4 billion in the nine months ended Sept. 30.
3. IU Health ended the first three quarters of 2019 with operating income of $511.6 million, compared to $398.8 million in the same period of the year prior. The health system’s operating income totaled $203.6 million in the third quarter of this year, up 73 percent year over year.
4. After factoring in nonoperating income, IU Health reported net income of $883.8 million in the first nine months of this year. That’s up from the same period of 2018, when the system reported net income of $467.5 million.
More articles on healthcare finance:
Steward to close Phoenix hospital in November
Illinois hospital begins ‘final wind down processes’
Takeover in the works as Texas hospital operator eyes bankruptcy
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.
