Los Angeles-based Cedars-Sinai Medical Center ended fiscal year 2016 with an operating margin of 9.3 percent, down slightly from an operating margin of 10.1 percent in the year prior.
Cedars-Sinai reported revenues of $3.7 billion in FY 2016, up 9.7 percent from revenues of $3.4 billion in FY 2015, according to audited financial documents. The financial boost was attributable, in part, to an increase in admissions.
In recently filed bondholder documents, Cedars-Sinai said admissions were up 5.5 percent in FY 2016. The hospital ended the most recent fiscal year with 49,690 admissions.
Although the hospital saw expenses increase year over year, Cedars-Sinai ended the most recent fiscal year with higher operating income. The hospital reported operating income of $340.6 million in FY 2016, up from $338 million the year prior.
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