Medical College of Wisconsin reports $256M loss as investments slump

The Medical College of Wisconsin reported an annual 2022 loss of $256.5 million as its expenses rose and amid a significant decline in its investment performance. That figure compared with net income of $303.8 million in fiscal 2021.

Advertisement

While expenses rose in 2022 by approximately 7 percent to total $1.36 billion, unrealized investment numbers slumped from a gain of about $284 million in 2021 to a loss in 2022 of almost $385 million, according to financial results for the fiscal year ending June 30.

The Milwaukee-based Medical College of Wisconsin agreed in September to expand its partnership with Neenah, Wis.-based ThedaCare and Milwaukee-based Froedtert to provide more accessible specialty care for Northeast and Central Wisconsin residents.

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.