Morgantown, W.Va.-based WVU Health System recorded operating income of $698 million (9.6% operating margin) through the third quarter of 2026, up from $419.4 million (6.7% margin) during the same period last year, according to its Nov. 6 financial report.
Four things to know:
1. Total operating revenue was $7.2 billion for the nine months ended Sept. 30, up from $6.3 billion during the same period last year. Net patient service revenue totaled $6.2 billion, up from $5.4 billion, and included $534.6 million from West Virginia’s Directed Payment Program.
2. Total operating expenses were $6.5 billion, up from $5.9 billion. Salaries, wages and benefits totaled $2.9 billion, up from $2.7 billion. Drugs and IV solutions totaled $935.7 million, up from $786.5 million, which management attributed to increased use of contract pharmacies tied to the 340B program.
3. WVU Medicine reported net income of $919.7 million through the third quarter of 2026, up from $605.1 million during the same period last year. Net investment gains, including realized and unrealized activity, totaled $203.5 million, up from $186 million.
4. On Oct. 1, WVU Medicine completed its acquisition of Greensburg, Pa.-based Independence Health System’s five hospitals and their affiliated physician practices and outpatient facilities. The system has committed $800 million over the next five years to modernize the facilities.
