UnityPoint Health’s operating margin improved to 4.2% in Q3

West Des Moines, Iowa-based UnityPoint Health reported an operating income of $54 million (4.2% margin) in the third quarter of 2024, up from a $16.4 million operating loss (-1.4% margin) during the same period last year, according to its Nov. 25 financial report.

Advertisement

Here are four things to know:

1. UnityPoint saw a net income of $182 million in the third quarter of 2024, up from $5.7 million in the third quarter of 2023.

2. Total revenue for the system increased 7.7% to $1.3 billion in the third quarter of 2024. Total expenses also increased to $1.3 billion.

3. UnityPoint had 246.4 days of cash on hand on Sept. 30, 2024, up from 246 on Dec. 31, 2023.

4. The system’s long-term debt was $764.6 million on Sept. 30, 2024.

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.