New York City-based Mount Sinai Hospital's operating income increased in 2016 on higher patient volume.
Mount Sinai Hospital reported revenue of $2.4 billion in 2016, up from revenue of $2.1 billion in the year prior, according to recently released bondholder documents.
The financial boost was largely attributable to higher net patient service revenue, which increased 9.8 percent year over year to $2.3 billion in 2016. Mount Sinai said discharges and emergency room visits were both up in 2016 compared to the year prior.
After factoring in expenses, which increased 9.2 percent year over year, Mount Sinai ended 2016 with operating income of $159.7 million, up 51.7 percent from operating income of $105.3 million in 2015.
More articles on healthcare finance:
5 states with the most rural hospital closures
Key West commissioner: CHS hospital's profit margin is 'obscene and unconscionable'
Quorum Health records $348M net loss, considers adding more hospitals to sale pipeline