Children's Healthcare of Atlanta reports higher operating revenue, income

Children's Healthcare of Atlanta saw revenue and operating income increase in the nine months ending Sept. 30, according to recently released unaudited financial documents.

Four things to know:

1. The health system reported operating revenues of $1.3 billion in the first nine months of 2018, up from $1.2 billion in the same period a year prior. Children's Healthcare said the growth was partially attributed to net patient service revenue, which climbed 7.5 percent year over year.

2. Children's Healthcare's operating expenses rose to $1.2 billion in the first nine months of 2018, compared to $1.1 billion in the same period of 2017. Increases in salaries and wages, employee benefits and supplies contributed to the expense growth.

3. Children's Healthcare ended the first nine months of 2018 with operating income of $149.3 million, a 5.3 percent increase from operating income of $141.8 million in the same period a year prior.

4. After factoring in investment income and an unrealized investment loss, Children's Healthcare ended the first nine months of the year with net income of $283.5 million, compared to $522 million in the same period a year prior. The system attributed the decline in net income to investment performance.

 

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