Below are three stats to know from the health system’s financial audit report.
1. The system posted a budget surplus of $64 million for FY 2015, which ended Sept. 30.
2. The system reported an operating deficit of $335 million in FY 2015. That loss was offset by $467.9 million from non-operating revenues, including $242.1 million generated from local sales taxes, and $147.2 million in county funding and other contributions.
3. Patient revenues increased by 10 percent year over year to about $81 million in FY 2015.
More articles on hospital finance issues:
Audit: MassHealth paid $476k to banned physicians
S&P revises Peninsula Regional Medical Center’s outlook to stable
S&P assigns ‘A+’ rating to Saint Luke’s Health System’s bonds
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
