Dallas-based Baylor Scott & White Health posted an operating income of $1.5 billion (11.4% operating margin) through the first three quarters of fiscal 2025, up from $967 million (8.5% margin) during the same period last year, according to its May 16 financial report.
The system reported total operating revenue of $12.8 billion through the nine-months ended March 31, a 12% increase year over year. The growth was driven by increases in net patient service revenue (11.3%) and premium service revenue (16.5%).
Total operating expenses increased 8.4% year over year to $11.3 billion. The increase was largely attributed to increased volumes. Salary, wages and benefits increased 4.9% year over year. Supplies and other operating expenses increased 10.5% and medical claims increased 20.7%.
Baylor Scott & White had 267.1 days cash on hand as of March 31, up from 260.3 days on June 30. The system had a long-term debt of $4 billion as of March 31, down from $4.2 billion on the same date in 2024.
The system reported a net income of $1.9 billion through the third quarter of 2025, up from $1.6 billion during the same period last year.
