Durham, N.C.-based Duke University Health System and Chapel Hill, N.C.-based UNC Health Care both reported strong financial gains in fiscal year 2015.
Here are nine things to know about the two health systems' latest financials.
Duke University Health System
1. Duke University Health System reported operating income of nearly $355 million in FY 2015, up from operating income of about $96 million the year prior, according to The News&Observer.
2. All three Duke University Health System hospitals — Duke University Hospital in Durham, N.C., Duke Raleigh (N.C.) Hospital and Durham (N.C.) Regional Hospital — reported higher revenue and improved operating income in FY 2015.
3. The health system saw Duke Raleigh Hospital's operating income grow to $60.4 million in FY 2015, up from $18.1 million last year.
4. Kenneth Morris, Duke University Health System senior vice president, treasurer and CFO, attributed the system's strong financial performance to an expansion that included the addition of 160 hospital beds and 16 operating rooms at the Durham, N.C., campus, according to the report.
5. Due to the expansion, the health system saw a significant increase in out-of-state patients seeking various services, including cancer treatment and organ transplants.
UNC Health Care
6. UNC Health Care reported operating income of nearly $119 million in FY 2015. That's compared to an operating loss of more than $19 million the year prior, according to the report.
7. UNC Rex Hospital in Raleigh, N.C., saw its operating income jump to $47.3 million in FY 2015, up from $13.4 million in FY 2014. The 433-bed hospital also saw its revenue increase to $853.3 million, compared to $749.8 million the year prior.
8. With 830 beds, Chapel Hill, N.C.-based UNC Hospitals is the anchor of UNC Health Care. UNC Hospitals posted operating income of $185.1 million in FY 2015, up from $74.7 million last year.
9. UNC Health Care attributed its strong financials to various factors, including an increase in outpatient pharmacy revenue and improved debt collection, according to the report.
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