In the year ended Sept. 30, 2019, MaineHealth’s revenue increased to $2.7 billion, compared to $2.5 billion reported in the same period one year prior.
MaineHealth reported an operating gain of $82.8 million in fiscal 2019, up from an operating gain of $67.9 billion reported in the same perioid in 2018.
The health system also saw its expenses increase year over year. In fiscal 2019 MaineHealth saw its expenses rise to $2.6 billion, compared to $2.5 billion in fiscal 2018.
Overall, the system recorded a net income of $119.1 million, up slightly from the $118.2 million reported in fiscal 2018.
More articles on healthcare finance:
Kansas hospital abruptly closes, blames physicians for financial troubles
Missouri town loses hospital after 100 years
Billing and coding for coronavirus: 7 things to know
