The hospital system ended the first quarter this year with an operating income of $40.3 million. This compares to a $31.9 million operating loss in the first quarter of 2020.
Essentia Health saw its revenue increase 13.7 percent to $609 million in the quarter ending March 31. Expenses also rose year over year to $539.4 million, up from $537.2 million in 2020.
After factoring in non-operating gains, Essentia Health recorded a net income of $57.1 million in the first quarter of this year. In the same period last year, Essentia Health posted a net loss of $200 million.
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