Despite a harsh winter and the implementation of a new electronic health-record system, Partners HealthCare in Boston reported revenue of $11.7 billion (PDF) in fiscal 2015, a 7% uptick from last year.
Overall, Partners saw a surplus of $106.5 million on total revenue of $11.7 billion for 2015, compared to a loss of $21.6 million on $10.9 billion in total revenue last year. Inpatient discharges were up 2.4% for the year, while emergency room visits climbed 2.5%.
“Given the financial hurdles we have faced this past year, including the record-breaking winter and one-time costs associated with implementation of Partners eCare, our health care providers recorded good operating performance this year,” said Partners Chief Financial Officer Peter Markel in a news release (PDF).
The system also reported that its insurance arm, Neighborhood Health Plan, saw a 25.4% spike in revenue over the prior year.
But like other hospital systems, Partners' investments took a hit. It suffered a $37.3 million loss in 2015, compared with $227.4 million in investment gains the previous year.