Baltimore-based Johns Hopkins Health System saw operating income drop 26.9 percent to $153.2 million in fiscal year 2017, compared to $209.6 million in fiscal year 2016.
Here are three things to know about the six-hospital system's financial performance for the year ended June 30, according to recent financial documents.
1. Johns Hopkins Health System saw operating revenue increase 5.9 percent in fiscal year 2017 to $6.2 billion, compared to $5.8 billion in fiscal year 2016.
2. While the system saw operating revenue increase, expenses rose year-over-year to $6 billion. This is compared to $5.6 billion in fiscal year 2016.
3. Johns Hopkins Health System ended fiscal year 2017 with net income of $304.8 million, up from a net loss of $11.6 million in fiscal year 2016.
Becker's Hospital Review reached out to Johns Hopkins Health System for comment. This article will be undated if more information becomes available.