HUS year 2023: Finances
Our finances and funding model changed fundamentally in 2023 with the health and social services reform. We receive our funding from HUS members, i.e. the wellbeing services counties of Uusimaa and the City of Helsinki. Funding is based on a budget framework model instead of accrual-based billing.
Our financial performance for 2023 showed a deficit of EUR 111.1 million.
The combined deficit for the years 2022 and 2023 is EUR 111.2 million. Accumulated deficits must be recouped by the end of 2025.
Operating revenue and operating costs
Our operating revenue for 2023 came to EUR 2,906.5 million. Operating revenue fell short of the budget by 1.7%, or EUR 51.4 million.
Productivity, service production and funding
Cost per patient decreased by 2.2% on the previous year. Total use of our own service production, measured in EUR, exceeded the budgeted figure by 2.1%. As at the end of 2023, our loan portfolio stood at EUR 996.2 million.
Investments
The Bridge Hospital, our largest construction project of all time, opened at the beginning of 2023. HUS investments in 2023 totaled EUR 237.1 million.
