University Hospitals reports -3.5% operating margin through Q3

Becker's Healthcare December 13, 2024
Andrew Cass

Cleveland-based University Hospitals recorded an operating loss of $163.3 million (-3.5% operating margin) through the third quarter of 2024, compared to an operating loss of $156.6 million (-3.6% margin) through the same period in 2023.

The health system reported total revenue of $4.7 billion through the nine months ended Sept. 30, an 8.7% increase over the same period last year. Net patient revenue was $4.4 billion through the third quarter, an 8.7% increase year over year.

Expenses totaled $4.9 billion through the third quarter of 2024, up 8.6% year over year. Salaries, wages and benefit expenses totaled $2.7...

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