The 11-hospital system reported operating revenues of $3.2 billion in the three-month period ended Sept. 30, down 5.1 percent from revenues of $3.4 billion in the same period in 2021.
Third-quarter total operating expenses increased marginally to $3.4 billion year over year. Within its expenses, affiliation contracted services was $384 million, an 11.2 percent increase compared to the same period last year.
Early next year, NYC Health + Hospitals is expected to open Ruth Bader Ginsburg Hospital, the first new public hospital in New York since 1982, according to the health system. It was funded through a $923 million grant from the Federal Emergency Management Agency.
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