Another financial boost from its investment portfolio lifted Cone Health, the Greensboro not-for-profit system, to $162.2 million in excess revenue over expenses through three quarters of fiscal 2024.

Cone Health said Monday that two representatives from parent company Risant Health — doctors Benjamin Chu and Nkem Chukwumerije — have been appointed to Cone's board of trustees.

When Mary Jo Cagle, MD, stepped into the role of president and CEO at Cone Health, she became the first woman and first physician to lead the Greensboro, N.C.-based health system. Now, four years ...

Third on the list of hospitals with a fair-share surplus was Forsyth Medical Center at $37 million, while Moses Cone Hospital was seventh at $21.5 million and Atrium Health Wake Forest Baptist ...

Michelle Schneider, Cone’s chief philanthropy officer, said a large portion of the money will fund construction of the Steven D. Bell Family Heart and Vascular Center at Moses Cone Hospital.

Cone Health hasn’t focused as aggressively on growth, but that could change now that a nonprofit spinoffof Kaiser Permanente is taking over.

Cone Health hasn’t focused aggressively on growth, but that could change with a spinoff of Kaiser Permanente taking over.

Cone Health has more than 13,000 employees and operates dozens of medical facilities, including one of the state’s largest, The Moses H. Cone Memorial Hospital.

Risant Health completed its acquisition of Cone Health, bringing the nonprofit health system under its umbrella following the acquisition of Geisinger back in March.

Cone Health rode a strong performance from its investment portfolio to an 84.6% surge in excess revenue over expenses to $364.7 million for fiscal 2024.

Moses Cone Health System organization profile: contributions by party of recipient, by source of funds, and affiliates.