Becker's Healthcare August 27, 2024
Danbury, Conn.-based Nuvance Health reported a $92.1 million operating loss (-4.7% margin) for the nine months ending June 30, a slight improvement on the $110.4 million loss (-6.1% margin) posted in the same period last year.
Revenue for the nine-month period increased 8.3% year over year to $1.96 billion while expenses grew by 6.4% to $2.04 billion, according to financial documents published Aug. 20.
Salaries increased 5.6% over the previous nine-month period to $897.9 million and benefits increased 13.6% to $214.5 million. Supply expenses increased 5.4% to $342.6 million.
After accounting for nonoperating items, Nuvance reported a $46 million net loss for the...
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