The health system’s operating revenue climbed 7 percent year over year to $2 billion in the first two quarters of fiscal 2020. Net patient service revenue was up nearly 8 percent year over year.
After factoring in a 9 percent year-over-year increase in operating expenses, Duke University Health System ended the first two quarters of the current fiscal year with operating income of $112.4 million. That’s down 17 percent from the first half of fiscal 2019, when the health system reported operating income of $135.2 million.
Duke University Health System saw nonoperating income increase year over year, and the health system ended the first half of fiscal 2020 with net income of $155 million. The health system reported net income of $89.8 million in the first half of fiscal 2019.
More articles on healthcare finance:
HCA to issue $1B in new notes
Hospitals in Missouri, Kansas file for bankruptcy
Allina Health doubles operating income in Q4
