ProMedica reported revenue of $750.1 million for the six-month period that ended June 30, up 2.4 percent over the same period of last year. The increase in revenue was largely due to increases in inpatient pediatric and psychiatric volumes as well as emergency center visits, according to ProMedica.
ProMedica posted operating expenses of $35.3 million for the first half of 2015, up 5.1 percent from the same period of 2014. The implementation of a new EMR system and increased expenses associated staffing were two of the main drivers of the increase.
ProMedica ended the first half of 2015 with a net surplus of $52.7 million, down from a net surplus of $87 million in the same period of 2014.
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