Through nearly the first half of fiscal year 2015, which runs from July 1, 2014, through June 30, 2015, UNC Health Care has an operating income of $60 million, according to the report. That’s almost triple what it budgeted and four times what it posted in fiscal year 2014 for the same time period, the report reads.
UNC Health Care’s strong financial start was “buoyed by strong performance at its flagship hospitals in Chapel Hill,” according to the report.
UNC Health Care is comprised of Chapel Hill, N.C.-based UNC Hospitals, the UNC School of Medicine in Chapel Hill, community practices, home health and hospice services in seven central North Carolina counties, Raleigh, N.C.-based Rex Healthcare and Chatham Hospital in Siler City, N.C.
More articles on healthcare finance:
CHS signs definitive agreement to purchase interest in Metro Health
5 recent hospital rating and outlook changes, affirmations
5 most-read finance stories: Week of Jan. 19-23
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.