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Becker's Healthcare November 25, 2024
Greensboro, N.C.-based Cone Health, a five-hospital system, reported an operating income of $167.1 million (5.3% margin) in the fiscal year ending Sept. 30, improving on the $112.3M operating gain (3.9% margin) in the previous fiscal year.
Revenue increased 10.3% year over year to $3.1 billion while expenses decreased 8.7% to $3 billion, according to financial documents published Nov. 25.
After accounting for nonoperating items, such as investment income, net income for the health...
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