Becker's Healthcare April 16, 2024
Chicago-based Northwestern Medicine posted an operating income of $104.8 million in the second quarter of 2024, down from $120.3 million posted over the same period last year.
Revenue increased 11% year over year to $2.4 billion while expenses rose 12.5% to $2.3 billion for the quarter ended Feb. 29, according to financial documents published April 15. Under expenses, salaries rose 13% to $995.4 million and supplies rose 16.7% to $532.7 million.
After including the performance of its investment portfolio and other nonoperating items, Northwestern ended the quarter with an overall gain of $735.1 million, compared to...
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