The health system saw its revenue in the quarter ending March 31 hit $3.4 billion, up from $3 billion recorded in the same period last year.
Expenses also rose year over year by 9.5 percent to $3.2 billion. AdventHealth attributed the expense increase to a boost in the acuity of patients that require a higher level of care, supply costs and premium labor costs.
AdventHealth ended the first quarter of 2021 with an operating income of $179.1 million, up from $35.7 million recorded in the first quarter of 2020.
After factoring in non-operating losses, the health system ended the first quarter of this year with a net income of $94.8 million. In the same quarter last year, AdventHealth recorded a net loss of $578.5 million.
Access the financial report here.
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