Jump in Employee Benefits Caused 33% Drop in Operating Income for Lahey

An increase in employee benefit costs was the main reason for Lahey Clinic Medical Center’s 33-percent drop in operating income for the six-month period ended March 31, according to a report by the Boston Business Journal.

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However, operating revenue for the 317-bed medical center in Burlington, Mass., rose 5.5 percent during the period, reflecting increased volume such as more physician visits.

The medical center ended the period with a long-term debt-to-capital ratio of 46.3 percent and 142 days of cash on hand.

Read the Boston Business Journal‘s report on the Lahey Clinic Medical Center.

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