Becker's Healthcare May 26, 2022
New York City-based Montefiore Health System posted a net loss of $57.66 million for the three months ended March 31, an improvement from the same period last year, which had a net loss of $66.84 million, according to its financial results released May 26.
The 10-hospital system had $1.71 billion in total operating revenue for the first quarter of this year, a 7.9 percent increase from the same period last year, at $1.59 billion. Its net patient service revenue rose 7.9 percent to $1.52 billion this year from $1.41 billion last year.
Montefiore’s operating expenses increased by 4.2 percent year over year, to $1.74 billion in the first quarter of 2022, compared to $1.67...
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