Wake Forest Baptist posted revenues of $2.2 billion for the fiscal year that ended June 30, a 4.8 percent increase over 2014.
The hospital’s boost in total revenue was largely attributable its net patient service revenue growing to $1.8 billion in FY 2015, up from $1.5 billion last year. Increases in admissions, surgical cases, emergency department visits and outpatient volumes led to the increase in net patient revenue.
After factoring in an $8.3 million investment loss, Wake Forest Baptist ended FY 2015 with a net surplus of $31 million, up from a net surplus of $788,000 in 2014. This year is the first time Wake Forest Baptist has posted a net surplus since 2012, according to the Triad Business Journal.
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