Those figures, which translate to a 5.3 percent operating margin, compare with operating income of $342 million on revenue of $5.4 billion for fiscal 2022.
Expenses for the 18-hospital system rose 7.3 percent on the year to total $5.4 billion, of which labor costs, including benefits, accounted for $3.2 billion.
OhioHealth’s net income totaled $906.2 million versus a loss of $304.8 million in fiscal 2022.
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.