That figure was on par with the previous fiscal year’s operating income of $54.7 million for the same period. The stable operating income figure was achieved despite operating expenses of $1.4 billion rising $197.2 million, or 16.4 percent, over the first six months of fiscal year 2022.
Total operating revenue for the first six months of fiscal 2023 was approximately $1.5 billion, an increase of $196.9 million, or 15.7 percent, over the same period in 2022.
Overall income for the system totaled $110.3 million in the six-month period.
The system, in addition to its two main campuses, operates six other centers in Massachusetts and New Hampshire.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.