Higher patient volume in several categories, including inpatient admissions and surgeries, boosted IU Health’s revenue last year. The system recorded operating revenue of $6.43 billion in 2018, up from $6.34 billion in the year prior.
IU Health kept expenses in check in 2018. The system’s operating expenses totaled $5.82 billion last year, up 1.1 percent from 2017.
The health system ended 2018 with operating income of $611.92 million, compared to $587.82 million in the year prior.
After factoring in nonoperating income, including $202.4 million in investment losses due to turbulent financial markets, IU Health reported net income of $296.22 million in 2018. That’s down from 2017, when the system reported net income of $989.25 million.
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