The results top Jackson’s FY 2014 profit of $31.4 million.
The system reported operating revenue of $1.25 billion, which exceeded its budget by 7 percent.
Although Jackson budgeted for an uninsured patient base of 15.2 percent, only 13.9 percent of the patients it saw didn’t have health coverage.
The system looks ahead to building a new hospital, a new rehabilitation center and multiple urgent care centers. “We have reached a major point in Jackson’s history,” said Carlos Migoya, president and CEO, in a letter to county officials. “For the first time, we have the foundation we need to look beyond our current operations and build a track to our best future.”
More articles on finance:
Personal savings accelerate Tribridge CEO’s Uber experiment
Pamplona Capital to acquire MedAssets in $2.7B deal: 10 things to know
Dallas hospital closes after failing to make payroll
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.