Becker's Healthcare November 22, 2024
Falls Church, Va.-based Inova posted an operating income of $269 million (5.6% operating margin) through the third quarter of 2024, up from an operating income of $125.7 million (3% margin) over the same period last year, according to its Nov. 21 financial report.
Inova reported total operating revenues of $4.8 billion for the nine months ended Sept. 30, a 14.1% increase year over year. Net patient service revenues were up 13.9% to $4.5 billion. The system attributed the increase to a rise in patient volume related to admissions, surgical cases, emergency visits and other outpatient visits.
Total operating expenses rose 11% year over year to $4.5 billion. Salaries and benefits increased 9.5% year over year...
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