Becker's Healthcare November 14, 2024
Detroit-based Henry Ford Health posted an operating income of $268.9 million (4.1% operating margin) through the first three quarters of 2024, up from $27.3 million (0.5% margin) over the same period last year, according to its Nov. 14 financial report.
Henry Ford posted revenue of $6.5 billion for nine months ended Sept. 30, up from $5.8 billion over the same period last year. The system reported a net patient service revenue of $4.3 billion for the quarter, up from $3.6 billion over the same period in 2023.
Officials attributed the 18.7% increase in net patient service revenue to increased inpatient and professional volumes, increased pharmacy volume and $353 million in state-directed supplemental Medicaid payments.
Henry Ford reported...
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