Northwestern Memorial HealthCare sees operating gains in Q3

Chicago-based Northwestern Memorial HealthCare reported operating income of $60.4 million in its third quarter of fiscal 2015, up from $54.6 million for the same period a year ago.

The system saw its total revenue increase to $972.2 million in the second quarter, which was substantial growth from the $591.3 million in revenue it posted in the comparable period of last year.

Net patient service revenue accounted for $952.8 million of the system's total third-quarter revenue, up from $620.7 million in the same period of 2014.

Northwestern Memorial HealthCare finished the third quarter with a net surplus of $187 million, up from $112.1 million in the comparable period of 2014.

More articles on healthcare finance:

CMS proposes changes to Physician Fee Schedule: 15 things to know
Why CFO roles are being filled by Gen Xers
CFOs taking on IT roles: Is this trend headed for healthcare?

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