{"id":829877,"date":"2026-08-29T14:58:09","date_gmt":"2026-08-29T14:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/829877\/"},"modified":"2026-08-29T14:58:09","modified_gmt":"2026-08-29T14:58:09","slug":"penn-medicine-reported-fiscal-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/829877\/","title":{"rendered":"Penn Medicine reported fiscal 2026 financial results"},"content":{"rendered":"<p>Listen to article \u2022\u00a00:00 min<\/p>\n<p class=\"inq-p text-primary  \">The <a class=\"relative z-1 text-blue-mid hover:shadow-lightmode\" data-link-type=\"article-body\" href=\"https:\/\/www.inquirer.com\/topic\/university-of-pennsylvania\" rel=\"nofollow noopener\" target=\"_blank\">University of Pennsylvania<\/a> Health System had $337 million in operating profit in fiscal 2026, up from $247 million the year before, the Philadelphia nonprofit reported to bond investors Friday.<\/p>\n<p class=\"inq-p text-primary  \">\u201cWe saw good growth in several of our clinical programs that helped us to generate the operating performance,\u201d Julia Puchtler, the health system\u2019s chief financial officer, said in an interview. <\/p>\n<p class=\"inq-p text-primary  \">That\u2019s money \u201cwe\u2019re going to be able to reinvest in the academic missions and in our clinical programs and our workforce,\u201d she said.<\/p>\n<p class=\"inq-p text-primary  \">Here are more details:<\/p>\n<p class=\"inq-p text-primary  \">Revenue: Penn\u2019s total revenue rose 13.7%, to $13.6 billion from <a class=\"relative z-1 text-blue-mid hover:shadow-lightmode\" data-link-type=\"article-body\" href=\"https:\/\/www.inquirer.com\/health\/upenn-heath-system-financial-results-fiscal-2025-20250829.html\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.inquirer.com\/health\/upenn-heath-system-financial-results-fiscal-2025-20250829.html\">$12 billion the year before<\/a>. Revenue from patient care accounted for $11.4 billion of the total in fiscal 2026, according to Penn\u2019s report to bondholders.<\/p>\n<p class=\"inq-p text-primary  \"><a class=\"relative z-1 text-blue-mid hover:shadow-lightmode\" data-link-type=\"article-body\" href=\"https:\/\/www.inquirer.com\/health\/penn-medicine-cancer-expansion-presbyterian-princeton-20251020.html\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.inquirer.com\/health\/penn-medicine-cancer-expansion-presbyterian-princeton-20251020.html\">Outpatient cancer care<\/a> and outpatient surgeries by urologists and ear, nose, and throat doctors stood out as areas of growth, Puchtler said. On the inpatient side, neurosciences and transplants had notable increases, she said.<\/p>\n<p class=\"inq-p text-primary  \">Expenses: For the first time since 2021, the average length of time a patient spent in the hospital fell below 6 days. Longer stays have higher expenses, even though hospitals generally don\u2019t get paid more for them.<\/p>\n<p class=\"inq-p text-primary  \">The average in fiscal 2026 was 5.93 days, from 6.14 days the year before. That looks like a small decline, but it adds up when spread over the health system\u2019s more than 161,000 admissions in the year. The reduction helped Penn reduce expenses relative to revenue. It also freed capacity for more patients, Puchtler said. <\/p>\n<p class=\"inq-p text-primary  \">In employee benefits, Penn had an additional $20 million in expenses because it aligned  retirement plans across the system, Puchtler said. <\/p>\n<p class=\"inq-p text-primary  \">Notable: Penn refinanced about $300 million in debt last month at a lower interest rate. That means the health system will save $28 million in interest payments over the next 9 or 10 years, Puchtler said.<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to article \u2022\u00a00:00 min The University of Pennsylvania Health System had $337 million in operating profit in&hellip;\n","protected":false},"author":2,"featured_media":829878,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[97,252,253,351512],"class_list":["post-829877","post","type-post","status-publish","format-standard","has-post-thumbnail","category-health-care","tag-health","tag-health-care","tag-healthcare","tag-penn-medicine-financial-results-fiscal-2026"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/829877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=829877"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/829877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/829878"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=829877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=829877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=829877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}