NewYork-Presbyterian's Revenue Up 9%

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In 2013, total revenue, operating income and total profit were all up at NewYork-Presbyterian Hospital, based in Manhattan.

Operating income totaled $202.2 million, a 4.5 percent increase from 2012. Total revenue soared almost 9 percent to $4.26 billion, giving NewYork-Presbyterian a 4.7 percent operating margin. In 2013, about 55 percent of NewYork-Presbyterian's patient revenue came from commercial payers. Medicare and Medicaid represented 21 percent and 17 percent, respectively, while the remaining 7 percent were from self-pay and uninsured patients.

The massive academic medical center also recorded more than $153.9 million investment income, pushing its total profit in 2013 to $356 million, compared with $348.7 million in 2012. Total assets equaled $7.37 billion by the end of 2013.

Last July, NewYork-Presbyterian completed its acquisition of New York Downtown Hospital, located in Lower Manhattan, as its sixth hospital campus. The 180-bed hospital was renamed NewYork-Presbyterian/Lower Manhattan Hospital. NewYork-Presbyterian has roughly 2,600 beds across its six campuses.

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