The 2009 loss followed a $31.8 million loss in 2008, which led the system to lay off hundreds of workers last year.
The health system credits its improvement to increasing patient volumes and aggressive cost cutting. Admissions were up 1.4 percent compared to the year prior, and surgical cases were up 4.7 percent. It also credited the system’s 2008 acquisition of Loyola’s faculty physician practice, which is believed to have helped boost volumes.
Read the Crain’s Chicago Business report on Loyola University Health System.
Read more coverage on Loyola:
– Study Finds Key Statistic on Hospital Report Cards Misleading
– Advocate Health Care to Partner with Rush, Loyola University Medical Centers
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