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
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