Dallas-based Baylor Scott & White saw its operating performance improve in the first nine months of fiscal 2019, but ended the period with lower net income, according to unaudited financial documents.
For the nine-month period ended March 31, the 48-hospital nonprofit health system reported total operating income of $584.3 million, up 18.4 percent from $493.5 million recorded in the same period a year prior.
At the same time, the system's total operating revenue grew to $7.4 billion for the nine-month period, up 4.6 percent from $7.1 billion reported in the same period a year prior. The system saw net patient revenue increase 3.4 percent year over year, which reflected higher volumes in other outpatient registrations, clinic visits and patient encounters, according to Baylor Scott & White.
The health system's operating expenses also increased during the nine-month period to $6.9 billion, up 3.5 percent from $6.6 billion reported in the same period a year prior.
After including nonoperating activity, Baylor Scott & White ended the nine-month period with net income of $619.1 million. That's down 17.6 percent from $727.9 million recorded during the same time a year earlier.