The health system anticipates $1.9 billion in total operating revenue, against $1.8 billion in total operating expenses. That would leave the health system with $140 million in earnings, a better performance than the slight budget deficit seen in 2022.
Cleveland’s MetroHealth System is preparing to approve a proposed $1.9 billion 2024 operating budget. The budget must be submitted to Cuyahoga County Council.CLEVELAND, Ohio — The MetroHealth System board of trustees is expected to approve a proposed $1.9 billion 2024 operating budget on Wednesday and authorize submitting it to Cuyahoga County Council.
The 2024 budget information was included in materials released to the public ahead of the board meeting Wednesday. The budget includes $32.4 million that the county-supported health system has received annually from Cuyahoga County. “We have been discussing our levy allocation with members of the county administration and county council, and expect those talks to continue through the budget deliberations,” MetroHealth said in a statement on Wednesday.it would release only the first three months of the hospital’s annual funding, and the remaining payments would be contingent on council approval going forward. Council took the move after fired MetroHealth CEO Dr.
The health system recorded $870 million in total revenue by the end of June 2023, as compared to $781 million at the same point in 2022, the health system said. The numbers were disclosed in anTotal adjusted expenses by the end of June 2023 were $869 million, higher than $734 million at the same time the previous year.MetroHealth’s proposed 2024 operating budget shows $1.15 billion in patient revenue, $574 million in other revenue and $214 million in supplemental income.
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