Los Angeles-based Cedars-Sinai Health System recorded operating income of $261 million (2.8% margin) for fiscal year 2026, compared with operating income of $239 million (2.8% margin) in fiscal 2025, according to its Sept. 25 financial report.
Four things to know:
1. Cedars-Sinai reported total revenue of $9.4 billion for the 12 months ended June 30, a 10% increase year over year. Net patient revenue rose 10.4% year over year to $8.2 billion. Other operating revenue increased 7.6% to $1.3 billion, while Medi-Cal Fee Program revenue climbed to $188 million from $72 million a year earlier.
2. Total expenses were $9.2 billion for fiscal 2026, a 10% increase year over year. Salaries and related costs totaled $4.4 billion, a 6.2% increase year over year. Materials, supplies and other expenses totaled $3.2 billion, an 11.4% increase. Professional fees rose 11.2% to $867 million. Medi-Cal Fee Program expenses rose to $282 million from $118 million.
3. Admissions increased 1.3% year over year to 105,083, while patient days were roughly flat at 573,453. Average length of stay held steady at 5.5 days. Days in patient receivables increased to 63.9 from 61.3 the prior year.
4. Cedars-Sinai reported net income of $1.1 billion in fiscal 2026, up from $852 million during the same period last year, aided by a 35.1% increase in non-operating income to $828 million.
