Becker's Healthcare April 26, 2024
Indianapolis-based Indiana University Health reported $15.4 million operating income (0.7% margin) in the first three months of 2024, a 66% decrease compared to the $45.1 million (2.2% margin) for the same period in 2023, according to its most recent financial report.
IU Health acknowledged the operating income decrease and pointed to an $18 million final adjusted payment in the first quarter of 2023 from a 2017 transaction that strengthened the operating income for that quarterly report.
Here are six findings from the report:
1. IU Health reported total revenue of $2.2 billion for the first three months of 2024, a 5.3% increase from the first quarter of 2023.
2. Total expenses increased 6.9% year over year to $2.2 billion...
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