Main Line Health Profitability

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Main Line Health swings to $42M profit in fiscal 2021

(3 days ago) People also askHow did main line health perform in fiscal 2021?Main Line Health rebounded to profitability in fiscal 2021 after posting an operating deficit of $67 million a year before. The system — the parent company for Bryn Mawr, Paoli, Lankenau, Riddle and Bryn Mawr Rehab hospitals and the Mirmont alcohol rehabilitation center — posted an operating profit of $41.9 million for the year ended June 30.Main Line Health swings to $42M profit in fiscal 2021 bizjournals.comWhat is main line health?Main Line Health is the parent company for Paoli, Lankenau, Bryn Mawr, Riddle and Bryn Mawr Rehabilitation hospitals. The health system received $77.5 million in CARES Act and FEMA Covid-19 response funding during the last two quarters of 2020. That figure dropped to $11.6 million for the second half of last year.Main Line Health back in the red as Covid-19 cost struggles continuebizjournals.comHow much money did main line health make in 2021?The bond documents show the health system generated total revenue of $1.03 billion during the second half of 2021, which is a 3.5% increase compared to the $997 million recorded during the same period the previous year. Main Line Health's expenses, however, climbed 9.8% to $1.04 billion from $946 million during the same time period in 2020.Main Line Health back in the red as Covid-19 cost struggles continuebizjournals.comHow much did main line health cost in fiscal 2020?In an interview last year, Main Line Health CEO John Lynch said the system's expenses climbed by $100 million to $1.8 billion in fiscal 2020, and between $30 million and $40 million of those new costs were tied directly to the purchase of extra PPE.Main Line Health swings to $42M profit in fiscal 2021 bizjournals.comFeedbackThe Business Journalshttps://www.bizjournals.com/philadelphia/news/2021/Main Line Health swings to $42M profit in fiscal 2021WEBMain Line Health rebounded to profitability in fiscal 2021 after posting an operating deficit of $67 million a year before. The system — the parent company for Bryn Mawr, Paoli, Lankenau, Riddle

https://www.bizjournals.com/philadelphia/news/2021/10/14/main-line-health-covid-19-profit-loss-hospitals.html#:~:text=Main%20Line%20Health%20rebounded%20to%20profitability%20in%20fiscal,%2441.9%20million%20for%20the%20year%20ended%20June%2030.

Main Line Health Profitability

Listing Websites about Main Line Health Profitability

Main Line Health swings to $42M profit in fiscal 2021

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