By: Bradley A. Clark, M.B.A., Executive Vice President and Chief Financial Officer, Wake Forest Baptist Health
Re: FY19 Q4 Financial Performance
Wake Forest Baptist Health released its fourth quarter report on operating performance and operating statistics for fiscal year 2019 (FY19) today highlighting volume growth in the clinical enterprise and the addition of High Point Medical Center.
For FY19 (July 1, 2018 – June 30, 2019), total net revenues of $3.4 billion were 18.3% higher than the prior year.
Unrestricted net assets decreased by $20.1 million for FY19. This decline is comprised of operating income of -$1.8 million (-0.1% operating margin) and net non-operating losses of $18.3 million.
The balance of the report with accompanying financial statements can be found at the Municipal Securities Rulemaking Board.
Media Contacts:
Joe McCloskey, jmcclosk@wakeheath.edu, 336-716-1273