How Cleveland Clinic, Intermountain, Mayo and Presence Health fared in 2015

The following four health systems recently released financial results for 2015.

1. Chicago-based Presence Health reported an operating loss of about $186 million on $2.5 billion in revenue last year. In 2014, the system reported an operating loss of $12.7 million on nearly $2.6 billion in revenue.

2. Intermountain Healthcare recorded revenue of $6.1 billion in 2015, up 9.6 percent from a year earlier. The Salt Lake City-based system posted operating income of $228.5 million in 2015, down 24.1 percent from $301.4 million in 2014.

3. Rochester, Minn.-based Mayo Clinic said revenue increased 5.7 percent to $10.3 billion last year. The system reported operating income of $526 million in 2015 — a 36.9 percent drop from the year prior.

4. Cleveland Clinic posted revenue of $7.2 billion in 2015, a 7 percent increase over 2014. The hospital network recorded operating income of $481 million, up 3 percent from the year prior.

More articles on healthcare finance:

Boston Children's operating income plummets 71% in Q1
Michigan hospitals would have to publicize chargemasters under proposed legislation
House Republicans unveil 2017 budget: 7 things for healthcare leaders to know

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars