Oklahoma health system posts strong financials
Norman (Okla.) Regional Health System ended its fiscal 2016 on a high note, posting increased operating income compared with the previous year and opening a $32 million outpatient center in Moore, Okla. It’s located on the site where a powerful EF5 tornado leveled the system’s hospital on May 20, 2013.
The tornado that ripped through Moore killed 24 and caused about $2 billion in damage. Much of Normal Regional Moore was flattened.
The Norman Regional Hospital Authority, as the parent is known, posted operating income of $29.9 million in fiscal 2016, ended June 30, compared with operating income of $21.9 million in fiscal 2015. Revenue rose 5% to $378.8 million from $360.2 million in 2015.