University Hospitals gets financial boost from acquisitions

Cleveland-based University Hospitals operating income rose 10.6 percent year over year to $93.6 million in 2015, following the addition of three new hospitals to its network, according to the system’s annual report.

Advertisement

University Hospitals benefitted from patient volume growth attributable to its newly acquired Ohio facilities, which include UH St. John Medical Center in Westlake, UH Portage Medical Center in Ravenna and UH Samaritan Medical Center in Ashland.

The system said operating revenues increased to nearly $3.3 billion in 2015, up 11.9 percent from operating revenues of $2.9 billion the year prior.

More articles on healthcare finance:

Sutter operating income falls 31% as EMR costs drive up expenses
Study: Hospitals that deliver superior patient experience see 50% higher margins
5 must-reads for hospital CFOs this week

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.