Carolinas HealthCare, a nonprofit system based in Charlotte, N.C., ended 2014 with a $173 million operating profit after beginning the year by projecting it would endure its first loss in more than 30 years, according to a Charlotte Observer report
The system's executives covered Carolinas HealthCare's financial results in their 2014 roundup March 10.
A surge of patients allowed the system to avoid its bleak forecast for 2014. Carolinas HealthCare executives said the system saw more patients with complex and costly conditions in 2014, offsetting challenges, such as Medicare reimbursement cuts.
For example, the number of new patients seeking care at the system's Levine Cancer Institute in 2014 jumped 21 percent. Additionally, the system's Sanger Heart & Vascular Institute performed 17.5 percent more invasive procedures than it did the year before, according to a Charlotte Business Journal report.
The system's patient revenue grew to $24.8 billion in 2014, an 11.5 percent increase over the prior year.
Carolinas HealthCare CFO Greg Gombar said, "The common theme with all the growth is more patients are choosing Carolinas HealthCare," according to the Charlotte Business Journal.
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