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March 23, 2020 09:30 PM

IU Health triples its net income in 2019

Modern Healthcare
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    Indiana University Health saw its annual net income surpass $1 billion in 2019, thanks to investments, according to the Indianapolis-based system's annual report.

    The 16-hospital system saw its net income more than triple from $296 million in 2018. System officials reported that operating income rose 11% last year to $679 million. Operating revenue grew 4% last year to $6.7 billion. They also were able to reduce the cost of care, and see patient harm events fall 54% since 2017.

    Expenses rose to $6 billion, an increase from $5.8 billion in 2018.

    "As a result of our strong 2019 outcomes, IU Health is better prepared to react to the uncertainties in healthcare, including the unprecedented circumstances surrounding the COVID-19 outbreak," said President and CEO Dennis Murphy. "IU Health has always served as a resource to respond to the state's most acute clinical problems as well as local care needs, and we will continue to serve this unique role at this time of crisis."

    IU touted several capital investments, including a new regional academic health center in Bloomington and a new maternity unit at Riley Hospital for Children at IU Health in Indianapolis.

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    • News
      • Current News
      • Providers
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      • Finance
      • Technology
      • Safety & Quality
      • Digital Health
      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Opinion
      • Bold Moves
      • Breaking Bias
      • Commentaries
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      • Vital Signs Blog
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
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      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
      • Data Center Home
      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
      • Mergers & Acquisitions
      • Data Archive
      • Resource Guide: By the Numbers
      • Surveys
      • Data Points
    • Newsletters
    • MORE+
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