Revenue for the quarter increased 10.5% year over year to $2.3 billion while expenses rose 9.2% to $2.2 billion, according to financial documents published Jan. 17. Under expenses, salaries increased 8.2% to $979.4 million and employee benefits rose 9.8% to $131.3 million.
After including the performance of its investment portfolio and other nonoperating items, Northwestern ended the fiscal first quarter with an overall gain of $188.9 million, compared to $195.9 million in the prior-year period.
Northwestern Medicine is an 11-hospital system with more than 5,400 affiliated physicians. Its flagship facility, Northwestern Memorial Hospital, is among the largest hospitals in the country, with 894 beds.
