Becker's Healthcare November 12, 2024
Philadelphia-based Thomas Jefferson University, owner of Jefferson Health, posted a $77.6 million operating loss (-3% margin) in the first fiscal quarter of 2025, compared to a $48 million operating loss (-2% margin) in the same quarter last year, according to its Nov. 12 financial report.
Jefferson posted total revenue of $2.6 billion in the three months ended Sept. 30, up from $2.4 billion over the same period last year. Net patient service revenue was $1.6 billion in the quarter, up from $1.5 billion in the same quarter in 2024. Insurance premium revenue was $512.1 million, down from $548 million over the same period last year.
Total expenses were $2.6 billion in the first quarter, up from $2.4 billion...
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