1. Ascension revenue increases while profits slump 39%
St. Louis-based Ascension reported revenue of $5.1 billion for the three months ended March 31, up from about $5 billion in the same period of 2014. The system reported operating income of $133.1 million, compared to $138 million for the same period a year ago.
2. Banner Health net income jumps 32% in Q1
Phoenix-based Banner Health reported revenue of nearly $1.6 billion for the three months ended March 31, up from $1.3 billion for the same period of 2014. The system posted operating income of $85.9 million, up from $84.2 million for the comparable period of last year.
3. Kaiser operating income drops 9.6% in Q1
Oakland, Calif.-based Kaiser Permanente posted operating revenue of $15 billion in the first quarter of fiscal 2015, which ended March 31, compared to $13.9 billion in the same period of last year. The system reported operating income of $741 million, down from $820 million for the comparable period of 2014.
4. Mayo surplus falls to $88M as costs rise
Rochester, Minn.-based Mayo Clinic reported revenue of $2.5 billion in the three months ended March 31, up from $2.4 billion in the same period of last year. The system reported operating income of $88 million, down from $155 million for the same period of 2014.
5. UPMC operating income falls 68% last quarter
Pittsburgh-based UPMC reported operating revenue of nearly $3 billion for the three months ended March 31, up 5.6 percent from the same period of last year. The system reported operating income of $20.2 million, down from $64 million for the same period a year ago.
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