Becker's Healthcare December 4, 2024
Kansas City-based University of Kansas Health System reported an operating income of $26.8 million (2.2% margin) in the first quarter of fiscal 2025 (the three months ended Sept. 30), reversing a $15.4 million loss (-1.5% margin) in the same period last year.
KU Health’s revenue for the quarter increased 15.4% year over year to $1.22 billion while expenses grew by 11.2% to $1.19 billion, according to financial documents published Nov. 27.
Salaries and benefits increased 10.2% to $614.9 million and contract labor decreased 37.3% to $20 million.
After factoring in nonoperating items, such as investment returns, KU Health reported a net income of...
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