Henry Ford Health System's Net Income Drops 15% In 2012

Henry Ford Health System, a five-hospital system based in Detroit, Thursday reported a 15 percent decrease in net income last year to $53.1 million from $62.9 million in 2011.

The net income decline came primarily from a $23 million increase in uncompensated care and $36.4 million in expenditures for the installation of Epic, a systemwide electronic medical record system, said CFO James Connelly.

Total revenue increased 13 percent to $4.46 billion in 2012, an increase of $490 million from $3.97 billion in 2011.