Indiana University Health, a 16-hospital system based in Indianapolis, reported a year-over-year increase in revenue and operating income in 2018, according to financial documents released Feb. 28.
Higher patient volume in several categories, including inpatient admissions and surgeries, boosted IU Health's revenue last year. The system recorded operating revenue of $6.43 billion in 2018, up from $6.34 billion in the year prior.
IU Health kept expenses in check in 2018. The system's operating expenses totaled $5.82 billion last year, up 1.1 percent from 2017.
The health system ended 2018 with operating income of $611.92 million, compared to $587.82 million in the year prior.
After factoring in nonoperating income, including $202.4 million in investment losses due to turbulent financial markets, IU Health reported net income of $296.22 million in 2018. That's down from 2017, when the system reported net income of $989.25 million.
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