Mayo, Trinity, Geisinger and BJC’s latest financial results

This week the following four health systems released financial results.

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1. Mayo Clinic posts highest operating margin in more than 25 years
Rochester, Minn.-based Mayo Clinic reported operating income of $834.3 million in fiscal year 2014, a 36.3 percent increase over its operating income of $612.1 million the previous year.

2. Trinity Health’s bottom line takes a hit in first half of FY 2015
Livonia, Mich.-based nonprofit system Trinity Health posted an operating surplus of $221.4 million on $7.1 billion in revenue for the six months ended Dec. 31, 2014, compared to its operating surplus of $170.5 million on $6.7 billion in revenue for the same period of the prior year.

3. Geisinger admissions rise, net income falls
Danville, Pa.-based Geisinger Health System posted an operating profit of $74.8 million for the six months ended Dec. 31, 2014, up from $74.4 million in the comparable period of the prior year.

4. BJC HealthCare operating surplus jumps 59.2%
BJC HealthCare, a nonprofit system based in St. Louis, posted an operating surplus of $232.5 million for fiscal year 2014, up from $146 million in fiscal 2013.

 

More articles on healthcare finance:

How the PPACA has impacted hospital reimbursement and revenue cycle
Moody’s: PPACA challenge carries significant risk for nonprofit hospitals
Hospitals’ contribution to the economy: $2.6T, 5.6M jobs

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