2018 Annual Report

Financial Statement Summary

This summary is intended to present a brief overview of Ochsner Health System’s financial condition and activity for the 12 months ended December 31, 2018.

76 years ago, Ochsner was founded to help patients and their families. As a nonprofit institution, Ochsner dedicates its resources to making a difference in patients’ lives and helping make Louisiana and the Gulf South region a healthier place to live. Through charity or uncollected payments, Ochsner made significant investments in providing free or discounted care to the people who depend on it most.

In 2018, Ochsner provided its patients with more than
$110 million
worth of care for which the institution received no compensation.
2018 Patient Discharges
2017 2018
Ochsner Medical Center 28,105 27,616
Ochsner St. Anne Hospital 1,973 2,076
Ochsner Medical Center – Baton Rouge 8,745 8,353
Ochsner Medical Center – Kenner 7,640 7,569
Ochsner Medical Center – West Bank Campus 8,132 8,089
Ochsner Baptist* 10,310 10,557
Ochsner Medical Center – North Shore 5,147 4,774
Ochsner Medical Center – Hancock 827
Total 70,052 69,861
2018 STATEMENT OF OPERATIONS 12 months ended December 31 (in millions)
2017 2018
Patient Service Revenue $ 2,308.1 $2,600.8
Premium Revenue 298.8 318.5
Other Operating Revenue 403.5 504.3
Total Operating Revenue $ 3,010.4 $ 3,423.6
Patient Care Expense $ 2,850.5 $ 3,170.2
Research 18.1 19.4
Education 43.1 43.2
Charitable Collaborative 28.6 84.0
Total Operating Expense $ 2,940.3 $ 3,316.8
Income From Operations $       70.1 $    106.8
Non-operating Gains (Losses) $      74.9 $   (34.0)
Excess of Revenues Over Expenses $    145.0 $      72.8

* A Campus of Ochsner Medical Center

Further information can be obtained by writing to:
Scott J. Posecai
Executive Vice President and CFO
Ochsner Health System
1514 Jefferson Highway
New Orleans, LA 70121

Total Clinic Visits 12 months ended December 31
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Total Patients Served 12 months ended December 31
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Total Operating Revenue 12 months ended December 31 (in millions)
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