Cleveland-based University Hospitals recorded a $49.7 million operating loss (-3% operating margin) in the first quarter of 2025, an improvement from a $74.6 million operating loss (-4.9% margin), according to its June 10 financial report.
The system reported total operating revenue of $1.7 billion for the three months ended March 31, a 9.7% increase year over year. University Hospitals said that revenue growth was driven by a $106 million increase in net patient service revenue.
Total operating expenses increased 7.6% year over year to $1.7 billion. The growth was primarily driven by increased labor costs and patient care supplies of $39 million and $51
million, respectively.
As of March 31, University Hospitals had 130 days cash on hand, down from 145 on Dec. 31. The system had a long-term debt of $1.7 billion as of March 31.
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