Beckers Hospital Review: Cleveland Clinic's operating income plunges 80% in Q2
Cleveland Clinic ended the second quarter of 2018 with operating income of $25.1 million, down 80 percent from $130.5 million in the same period a year earlier, according to recently released unaudited financial documents.
Cleveland Clinic's revenues increased to $2.21 billion in the second quarter of this year, up 2 percent from $2.16 billion in the second quarter of 2017. However, higher expenses offset the system's revenue gains. Cleveland Clinic said operating expenses climbed 7.3 percent year over year.