UnityPoint reverses loss with $33.9M Q2 operating gain

West Des Moines, Iowa-based UnityPoint Health reported $33.9 million in operating income (2.6% margin) in the second quarter, reversing a $4.2 million operating loss (-0.4% margin) in the same period last year. 

Advertisement

Second-quarter revenue increased 12.9% year over year to $1.31 billion while expenses grew by 9.6% to $1.28 billion, according to financial documents published Aug. 29. Salaries and wages increased 5.3% to $461.2 million and employee benefits rose 6.5% to $111.7 million.

Days cash on hand was 236 as of June 30, down from 246 on Dec. 31, 2023.

Net income for the second quarter was $61.4 million, compared to $1.4 million in the same period last year. 

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.