New Hyde Park, N.Y.-based Northwell Health recorded an operating income of $248 million (1.2% operating margin) in 2025, down from an operating income of $291.9 million (1.6%) in 2024, according to its April 29 financial report.
Six things to know:
1. Northwell reported total operating revenue of $20 billion for the 12 months ended Dec. 31, up from $18.6 billion in 2024. Total patient revenue was $17.8 billion, up from $16.5 billion. Other operating revenue was $2.2 billion, up from $2 billion.
2. Total operating expenses were $19.8 billion in 2025, up from $18.3 billion in 2024. Salaries and benefits were $12.6 billion, up from $11.6 billion. Supplies and expenses were $6.2 billion, up from $5.8 billion.
3. Northwell completed its merger with Danbury, Conn.-based Nuvance Health on May 7, creating a 28-hospital system with approximately 1,100 ambulatory and physician practice locations and more than 105,000 employees.
4. Northwell had 95 days cash on hand as of Dec. 31, unchanged from the same date in 2024.
5. The system reported a net income of $809.7 million in 2025, down from $847.8 million in 2024.
6. “While strategic growth and additional revenue for COVID-19-related expenditures from prior years contributed positively, these were offset by ongoing difficulties of staffing shortages, rising costs due to inflation, and payer pressures,” Northwell said in the report. “To address these challenges, the leadership team is focused on a multi-pronged approach to improve performance. This includes initiatives to enhance patient access and create new revenue opportunities, along with physician recruitment and ongoing revenue cycle improvements. Additionally, there is continued focus on expense reduction through operational efficiency efforts, program consolidation and supply chain optimization.”
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