Becker's Healthcare December 10, 2024
Providence, R.I.-based Brown University Health, formerly Lifespan, reported an operating income of $44.7 million (1.3% margin) in the fiscal year ending Sept. 30, 2024, nearly six times the $8.6 million (0.3% margin) operating gain reported in the previous fiscal year.
Four things to know:
1. Revenue increased 12% year over year to $3.49 billion while expenses grew by 10.9% to $3.45 billion, according to financial documents published Nov. 27. In the fiscal fourth quarter, the three months ending Sept. 30, 2024, revenue increased 6.4% year over year to $848.3 million and expenses rose 10.8% to $875.1 million.
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