Becker's Healthcare November 27, 2024
New Hyde Park, N.Y.-based Northwell Health reported an operating income of $77.5 million (1.7% margin) in the third quarter of 2024, up from an operating loss of $11.6 million (-0.3% margin) during the same period last year, according to its Nov. 27 financial report.
Northwell recorded total operating revenue of $4.6 billion for the three months ended Sept. 30, up 10.7% over the same period last year. Net patient service revenue increased 9% year over year to $3.2 billion. Physician practice revenue increased 9.4% year over year to $880.4 million.
The system recorded total operating expenses of $4.5 billion in the third quarter, up 8.5% year over year. Salaries and benefit costs increased 7.5% year over year to...
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