According to the news report, the increase in profits can be attributed to big returns on investment. However, the hospital’s revenue in the first six months was down $3.3 million due to decreases in patient admissions, increased observation case load and increased Medicaid patients, according to the news report. Expenses also increased by $7.4 million.
Read the news report about Orlando Health’s financial results.
Related Articles on Hospital Finances:
Adventist Health Proposes $62M Reconstruction Plans for California’s Frank R. Howard Memorial
Sutter Health Releases Financial Results
SEIU Approves Tenet Contract for California Hospitals
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.
