Orlando Health boosts operating performance by $734M in FY 2023

Orlando Health boosts operating performance by $734M in FY 2023
Becker’s Hospital CFO Review
December 15, 2023
Orlando (FL) Health transformed a $422.7 million operating loss (-8% margin) in fiscal year 2022 into a $310.8 million gain (5.1% margin) in FY 2023, according to financial documents published Dec. 13. The results equate to a $733.5 million swing from the black to the red. Revenue increased 15.9% year over year to $6.1 billion while expenses rose 16.1% to $5.6 billion.