UnityPoint Ends 2013 With Improved Margin, $2.8B in Revenue

Operating profit at UnityPoint Health, based in West Des Moines, Iowa, soared almost 35 percent in 2013 to $82.6 million as the 15-hospital system kept its operating expenses in check.

Advertisement

Total revenue increased about 4 percent to $2.84 billion, giving UnityPoint a 2.9 percent operating margin. Total profit, including investment gains, climbed 33 percent to $262.3 million, equating to a 9.2 percent total margin.

UnityPoint’s expenses only increased 3.3 percent from 2012 to 2013. Salaries and employee benefits were the two prime areas that were limited to slow growth and negative growth, respectively.

Last year, UnityPoint completed an affiliation deal with Proctor Hospital in Peoria, Ill., and brought the 220-bed Proctor within its UnityPoint Health-Methodist division. In January, UnityPoint closed another deal, this time with Meriter Health Services in Madison, Wis.

More Articles on Health System Finances:
Norton Healthcare Posts Positive 2013 Despite High EHR Costs
Moody’s: Court Decision Bad News for Health Systems With Church Pension Plans
S&P Slams Daughters of Charity Health System’s Credit Rating

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.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.