Health & Family

Novant Health reports 2015 drop in net income, increase in primary care visits

Presbyterian Medical Center on Hawthorne Lane is one of four Novant Health hospitals in the Charlotte region.
Presbyterian Medical Center on Hawthorne Lane is one of four Novant Health hospitals in the Charlotte region. ROBERT LAHSER - rlahser@charlott

Novant Health’s net income for 2015 dropped 5 percent to $191.6 million on operating revenue of $4.1 billion. That compares with the system’s 2014 net income of $201.8 million on operating revenue of $3.8 billion.

The Winston-Salem-based hospital system, which serves about 4 million patients annually, reported 2015 operating income of $258.4 million, partially offset by investment losses of $60 million.

In a news release, the system attributed its increase in operating income, up from $167 million in 2014, to a higher number of physician encounters and improved patient access through expanded offerings, such as new primary-care, urgent-care and express clinics. The system also expanded clinic hours and increased e-visits and video visits for patients.

Novant Health said inpatient volumes were flat while primary care visits were up 9 percent from 2014. The system provided $706.3 million in community benefit in 2015, including $125.3 million in direct charity care. That was an increase from $639 million in 2014.

Novant Health operates 13 medical centers in four states, including four hospitals in Charlotte, Matthews and Huntersville.

Karen Garloch: 704-358-5078, @kgarloch

  Comments