Charlotte, N.C.-based Carolinas HealthCare System reported an operating surplus of $145.7 million on $3.6 billion in revenue for the first nine months of 2014, up from the $60.4 million operating surplus on $3.4 billion in revenue the system reported for the first nine months of 2013.
Carolinas attributed the increase in operating revenue to increases in patient volume and higher rates from commercial payers. Medicare payment cuts and lower Medicaid rates for outpatient care offset some of the system's revenue gains.
The system's operating expenses increased from $3.3 billion in the first nine months of last year to $3.5 billion in the first nine months of 2014. Carolinas' expenses related to supplies were up 7 percent, increasing from $552.2 million in the first nine months of 2013 to $589.9 million in the first nine months of this year.
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