While salary and benefits expenses were down almost 4 percent to total $245.4 million in the second quarter, supply expenses rose approximately 18 percent on the previous year.
Overall expenses totaled $613.7 million, up 5.7 percent, while revenues totaled $628.6 million.
The six-hospital system was able to boost its operating income with solid gains on investments to total a net income for the quarter of $48.2 million compared with a net loss of $84.8 million in the same period of 2022.
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.
