Here are four key points from Baptist Health’s second-quarter financials:
1. Baptist Health reported revenue of $582.2 million, up from $545.7 million in the same period of 2014.
2. The system posted net patient service revenue of $565.3 million, compared to net patient service revenue of $532.2 million a year ago.
3. Baptist Health’s total expenses for the second quarter increased to $576 million, up from $519.3 million in the same period of 2014. The system’s expansion of its cardiac facility in Kendall, Fla., and the building and staffing of a new cancer center, which is set to open next year, attributed to Baptist Health’s increase in expenses in the second quarter, according to a Miami Herald report.
4. The system reported operating income of $6.3 million, down from $26.4 million in the comparable period of 2014.
More stories on healthcare finance:
Moody’s rates OhioHealth’s bonds: 3 things to know
Going green 101: No longer an elective for hospitals
