Becker's Healthcare November 15, 2024
Minneapolis-based Allina Health reported a $154.4 million operating income (9.6% operating margin) in the third quarter of 2024, a substantial increase from the $109.9 million operating loss (-8.8% margin) posted over the same period last year, according to its Nov. 14 financial report.
The system reported revenues of $1.6 billion for the three months ended Sept. 30, a 28.7% increase over the same period last year. Patient service revenues increased 8.4% to $1.2 billion. Other operating revenue increased by 274.4% to $355.5 million.
Total expenses reached $1.4 billion in the third quarter, a 6.9% increase year over year. Salaries and benefit expenses increased 0.7% to $844.9 million. Supply and service costs increased 24.3% to $410 million.
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