University Hospitals posted an operating revenue of $3.1 billion for the six months ended June 30, according to the report. That’s up from an operating revenue of $2.9 billion over the same period last year. Net patient service revenue was $2.9 billion, up from $2.7 billion.
The health system saw total expenses of $3.2 billion in the first half of 2024, up from $3 billion over the same period in 2023. Salaries, wages and employee benefits totaled $1.8 billion in the first half, up from $1.6 billion over the same period last year. Patient care supply costs totaled $764.2 million, up from $679.7 million. Other expenses totaled $305.8 million, up from $258.6 million.
The system had 122 days of cash on hand as of June 30, down from 142 on Dec. 31.
University Hospitals posted a net loss of $14.9 million in the first half of 2024, down from a net income of $23.4 million reported over the same period last year.
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
